Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 105

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 105
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320neo aircraft into
A321neo aircraft, one of which has been delivered as of this dat. In November 2022, we entered into a new amendment to the referred agreement
to purchase 25 additional aircraft, which Airbus committed to deliver in 2030. Finally, in November 2024, the Company entered into an
amendment agreement with Airbus to the existing purchase agreement to reschedule the deliveries for the 131 pending aircraft between 2025
and 2031.

We
have one scheduled A319 aircraft return in 2026. Additionally, as of the date of this annual report, we have 34 A320 aircraft returns
in the next four years. We also have ten A321 aircraft returns in the next four years. However, if necessary, we believe we can negotiate
extensions under our lease agreements as we have done in the past, which increases our fleet flexibility. In addition, in the past we
have been able to lease aircraft from lessors and expect to have flexibility to do so again in the future. For more information on the
risks related to our lease agreements, see Item 3: “ Key Information - Risk Factors - A failure to comply with covenants
contained in our aircraft or engine lease agreements, or the occurrence of an event of default thereunder, could have a negative impact
on us and our financial condition and results of operations.”

Maintenance

We have mandated and approved maintenance programs required
by the applicable aviation authorities, administered by our maintenance engineering and planning departments. Our maintenance technicians
undergo extensive initial and ongoing training (as applicable by the aviation regulations) to ensure the safety of our operations. Line
maintenance is performed by our qualified technicians, under our repair station certificates issued by the FAA and AFAC and by maintenance
providers that hold the necessary certifications.

Aircraft maintenance and repair consists of routine and non-routine
works and is mainly divided into three general categories: routine maintenance, major maintenance and component service. Routine line
maintenance requirements consist of scheduled maintenance checks on our aircraft, including pre-flight, daily, weekly, and overnight checks,
any diagnostics and routine repairs and any unscheduled tasks that are performed as required. Routine line maintenance events are normally
performed by in-house mechanics and are primarily completed at the main airports we currently serve, supported by sub-contracted companies.
Routine line maintenance also includes scheduled tasks that can typically take from six to 12 days to complete and are required every
24 or 36 months, as applicable, such