Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 154

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 154
---
. In August 2024, we
increased the facility amount to include additional aircraft, extending the maturity date to December 2028. The interest rate from the
additional aircraft excludes the sustainability adjustment. This revolving credit facility may limit our ability to, among others, declare
and pay dividends in the event that we fail to comply with the payment terms thereunder, dispose of certain assets, incur indebtedness
and create certain liens.

A facility agreement with JSA International U. S. Holdings,
LLC, was signed on April 1, 2022, to provide financing for pre-delivery payments in connection with our purchase of A320 family aircraft.
The aggregate principal amount of this facility is for up to U. S. $53.7 million, with an annual interest of SOFR plus a spread of 300
basis points along with a SOFR adjustment. The maturity is upon delivery of the last financed aircraft thereunder. For this purpose, we
created the Trust 3866 for JSA International U. S. Holdings, LLC with CIBanco, S. A. Institución de Banca Múltiple.

A facility agreement with GY Aviation Lease 1714 Co. Limited,
was signed on April 1, 2022, to provide financing for pre-delivery payments in connection with our purchase of A320 family aircraft. The
aggregate principal amount of this facility is for up to U. S. $73.6 million with an annual interest of SOFR plus a spread of 425 basis
points, along with a SOFR adjustment. The maturity is upon delivery of the last financed aircraft thereunder. For this purpose, we created
the Trust 3855 for GY Aviation Lease 1714 Co. Limited with CIBanco, S. A. Institución de Banca Múltiple.

A facility agreement with Incline II B Shannon 18 Limited,
was signed on April 13, 2022, to provide financing for pre-delivery payments in connection with our purchase of the A320 family aircraft.
The aggregate principal amount of this facility is for up to U. S. $134.5 million with an annual interest of SOFR plus a spread of 390
basis points. The maturity is upon delivery of the last financed aircraft thereunder. For this purpose, we created the Trust 3867 for
Incline II B Shannon 18 Limited with CIBanco, S. A. Institución de Banca Múlt