Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 67

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 67
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 of airworthiness, and its insurance policy. We believe we hold all necessary operating
and airworthiness authorizations, certificates and licenses, and carry all necessary insurance policies and are operating in compliance
with applicable law.

The Mexican Aviation Law provides that concessions and permits
may be revoked for any of the following reasons: (i) failure to exercise rights conferred by the concessions or permits for a period exceeding
180 calendar days from the date that such concessions or permits were granted; (ii) failure to maintain in effect the insurance required
pursuant to the Mexican Aviation Law; (iii) change of nationality of the holder of the concession or permit; (iv) assignment, mortgage,
transfer or conveyance of concessions, permits or rights thereunder to any foreign government or foreign state; (v) assignment, mortgage,
transfer or conveyance of concessions, permits or rights thereunder to any person without the approval of the SICT; (vi) applying fares
different from the registered or approved fares, as applicable; (vii) interruption of the services without authorization from the SICT,
except in the events of acts of God or force majeure; (viii) rendering services different to those set forth in the respective permit
or concession; (ix) failure to comply with safety conditions; (x) failure to indemnify from damages arising from the services rendered
and (xi) in general, failure to comply with any obligation or condition set forth in the Mexican Aviation Law, its regulations or the
respective concession or permit. In the event that our Concession is revoked for any of the reasons specified above, we will not be entitled
to any compensation, and we will be unable to continue to conduct our business.

Aircraft

Pursuant to the Mexican Aviation Law and our Concession, all
the aircraft used to provide our services must be registered in Mexico with the Mexican Aeronautical Registry and flagged as Mexican aircraft
and, if registered in other countries, such aircraft need to be authorized to operate in Mexico. The registration with the Mexican Aeronautical
Registry is granted subject to compliance with certain legal and technical requirements. All the aircraft which comprise our fleet as
of the date of this annual report have been authorized by and registered with the AFAC.

We have to maintain our aircraft in airworthiness condition.
The maintenance must be provided as specified in the manufacturers’ maintenance manuals and pursuant to a maintenance program approved
by the AFAC. The AFAC has authority to inspect our aircraft,