Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 347

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 347
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 denominated as sale and leaseback at the time of delivery;
therefore, it does not represent a disbursement that directly impacts the Company’s working capital.

As of December 31, 2024, the Company has signed credit lines
totaling US$1,873,384, of which US$1,315,384were related to financial debt (US$308,592were undrawn) and US$558,000were related to letters
of credit (US$229,272were undrawn). As of December 31, 2024, the Company had available lines of credit by US$537,864. As of December
31, 2023, the Company has signed credit lines totaling US$1,388,830, of which US$960,930were related to financial debt (US$228,435were
undrawn) and US$427,900were related to letters of credit (US$178,800were undrawn).

The Company signed in April 2022 three pre-delivery payments
financing with lessors for the acquisition of aircraft. For this purpose, a Mexican trust was created for each contract (CIBanco, S. A.
Institución de Banca Múltiple), for JSA International U. S. Holdings, LLC Trust 3866, for GY Aviation Lease 1714 Co. Limited
Trust 3855, and Incline II B Shannon 18 Limited Trust 3867. These facilities do not include financial covenants or restrictions.

The Company signed in July 2022 a pre-delivery payment financing
with lessors for the acquisition of aircraft with Oriental Leasing 6 Company Limited. For this purpose, a Mexican trust was created with
CIBanco, S. A. Institución de Banca Múltiple, Trust 3921. This facility does not include financial covenants or restrictions.

On June 20, 2019, the Company, through its subsidiary
Concesionaria, issued15,000,000asset-backed trust notes (“ CEBUR”) under the ticket VOLARCB 19 for Ps. 1.5billion Mexican
pesos (US$74million, based on an exchange rate of Ps. 20.27to US$1on December 31, 2024) through the Fideicomiso Irrevocable de Administración
número CIB/3249 created by Concesionaria. The issuance