Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 161

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 161
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 ranging from 2025 to 2034.

  103  

  Table of Contents  

For the development of the issuer our most important trademark
is “ Volaris,” as it is the trademark under which the passenger air transportation services we provide are offered and advertised.

We operate software products under licenses from our vendors, including
Jeppesen Systems AB, Navitaire LLC and Juniper Technologies Corporation. Under our agreements with Airbus, we use Airbus’ proprietary
information to maintain our aircraft.

  Trend Information  

See Item 5: “ Operating and Financial Review and Prospects - Operating
Results - Trends and Uncertainties Affecting our Business.”

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  Table of Contents  

  Tabular Disclosure of Contractual Obligations  

The following table sets forth certain contractual obligations
as of December 31, 2024:

                                                                                Contractual Obligations*                                                                       
                                                                                Payments due by Period                                                                         
                                                                                                               Less than 1                                          More than  
                                                                                Total                                 Year      1 to 3 years      3 to 5 years        5 years  
                                                                                (In thousands of dollars)                                                                      
  Debt (1)                                                                      813,568                            284,437           280,821           224,498         23,812  
  Lease liabilities (2)                                                         3,061,536                          391,158         1,004,067           616,884      1,049,427  
  Future lease liabilities (3)                                                  709,683                             25,096           115,774           118,280        450,533  
  Flight equipment, spare engines and spare parts purchase obligations (4)      6,533,629                           39,460         1,066,303         2,504,811      2,923,055  
  Total future payments on contractual obligations                              11,118,416                         740,151         2,466,965         3,464,473      4,446,827  

  (1)      Includes scheduled interest payments.  

  (2)      Does not include maintenance deposit payments because they depend on the utilization of the aircraft.  

  (3)      These refer to upcoming lease payments in connection with our committed sale and lease back agreements  

(4) Our
contractual purchase obligations consist primarily of aircraft and engine acquisitions through manufacturers and aircraft leasing companies.
In December 2017, we signed an amendment to our purchase