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v3.23.1

Financial assets and liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Financial assets and liabilities |
Schedule of financial assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI) |  | ​ |  |  | ​ |
Interest rate cap | ​ | US$ | 1,585 | ​ | US$ | 1,398
Total derivative financial assets | ​ | US$ | 1,585 | ​ | US$ | 1,398
​ | ​ | ​ | ​ | ​ | ​ | ​
Presented on the consolidated statements of financial position as follows: | ​ |  | ​ | ​ |  | ​
Current | ​ | US$ | — | ​ | US$ | —
Non-current | ​ | US$ | 1,585 | ​ | US$ | 1,398
​
Schedule of short-term and long-term debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 31, | ​ | December 31,
​ | ​ |  | 2022 |  | 2021
I. | Revolving line of credit with Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander (“Santander”) and Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”), in U.S. dollars, to finance pre-delivery payments, maturing on October 31, 2022, bearing annual interest rate at LIBOR plus a spread of 260 basis points. | ​ | US$ | — | ​ | US$ | 171,771
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
II. | In June 2019 the Company issued in the Mexico market Asset backed trust notes (“CEBUR”), in Mexican pesos, maturing on June 20th, 2024 bearing annual interest rate at TIIE plus 175 basis points. | ​ | ​ | 38,737 | ​ | ​ | 60,728
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
III. | In October 2021 the Company issued in the Mexico market a second tranche of its Asset backed trust notes (“CEBUR”), in Mexican pesos, maturing on October 20th, 2026 bearing annual interest rate at TIIE plus 200 basis points. | ​ |  | 77,473 | ​ |  | 72,874
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IV. | In December 2019, the Company entered into a short-term working capital facility with Banco Sabadell S.A., Institucion de Banca Multiple (“Sabadell”) in Mexican pesos, bearing annual interest rate at TIIE 28 days plus a spread of 300 basis points. In December 2021, the Company renewed this working capital facility, bearing annual interest rate at TIIE 28 days plus a 240 basis points. | ​ |  | 10,330 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
V. | Revolving credit line with Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander (“Santander”) and Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”), in U.S. dollars, to finance pre-delivery payments, maturing on June 8, 2027, bearing annual interest rate at the three-month SOFR plus a spread of 298 basis points. | ​ | ​ | 38,635 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
VI. | Pre-delivery payments financing with JSA International U.S. Holdings, LLC, with maturity on November 30, 2025, bearing annual interest SOFR plus a spread of 300 basis points. | ​ |  | 27,962 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
VII. | Pre-delivery payments financing with GY Aviation Lease 1714 Co. Limited, with maturity on November 30, 2025, bearing annual interest SOFR plus a spread of 425 basis points. | ​ | ​ | 15,880 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
VIII. | Pre-delivery payments financing with Incline II B Shannon 18 Limited, with maturity on May 31, 2025, bearing annual interest SOFR plus a spread of 390 basis points. | ​ | ​ | 48,048 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IX. | Pre-delivery payments financing with Oriental Leasing 6 Company Limited, with maturity on May 31, 2026, bearing annual interest of SOFR plus a spread of 200 basis points. | ​ |  | 7,382 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
X. | The company acquired a short-term working capital facility with Banco Actinver S.A, Institución de banca multiple (“Actinver”) with national currency, bearing annual interest rate at TIIE plus 250 basis points. | ​ |  | 7,747 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
XI. | Transaction costs to be amortized | ​ | ​ | (1,034) | ​ | ​ | (1,526)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
XII. | Accrued interest and other financial cost | ​ |  | 1,875 | ​ |  | 1,090
​ |  | ​ |  | 273,035 | ​ |  | 304,937
​ | Less: Short-term maturities | ​ |  | 112,148 | ​ |  | 196,898
​ | Long-term Financial debt | ​ | US$ | 160,887 | ​ | US$ | 108,039
​
Schedule of principal payments of financial debt and accrued interest | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | January 2024- | ​ | January 2025- | ​ | ​ | ​ | ​ | ​
​ | ​ | Within one | ​ | December | ​ | December | ​ | January 2026- | ​ | ​ | ​
​ |  | year |  | 2024 |  | 2025 |  | onwards |  | Total
Santander/Bancomext (1) | ​ | US$ | 12,364 | ​ | US$ | 18,030 | ​ | US$ | 8,655 | ​ | US$ | — | ​ | US$ | 39,049
Banco Sabadell S.A. | ​ |  | 10,421 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 10,421
CEBUR program(2) | ​ | ​ | 30,577 | ​ | ​ | 38,738 | ​ | ​ | 25,824 | ​ | ​ | 21,520 | ​ | ​ | 116,659
JSA International U.S. Holdings, LLCA | ​ | ​ | 25,272 | ​ | ​ | 3,159 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,431
GY Aviation Lease 1714 Co. Limited | ​ | ​ | — | ​ | ​ | 15,880 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15,880
Incline II B Shannon 18 Limited | ​ | ​ | 25,788 | ​ | ​ | 22,592 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 48,380
Oriental Leasing 6 Company Limited | ​ | ​ | 76 | ​ | ​ | — | ​ | ​ | 7,382 | ​ | ​ | — | ​ | ​ | 7,458
Actinver | ​ |  | 7,791 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 7,791
Financial debt | ​ | ​ | 112,289 | ​ | ​ | 98,399 | ​ | ​ | 41,861 | ​ | ​ | 21,520 | ​ | ​ | 274,069
Projected interest | ​ | ​ | 22,242 | ​ | ​ | 9,428 | ​ | ​ | 4,312 | ​ | ​ | 1,033 | ​ | ​ | 37,015
Total | ​ | US$ | 134,531 | ​ | US$ | 107,827 | ​ | US$ | 46,173 | ​ | US$ | 22,553 | ​ | US$ | 311,084
​
(1) | Revolving line of credit with Banco Santander S.A. and Banco Nacional de Comercio Exterior, S.N.C., Institución de Banca de Desarrollo contracted on June 8, 2022.
(2) | Every Trust Note (CEBUR) issuance has a 10% CAP on TIIE 28 to limit interest payments to increasing rates.
Schedule of changes in liabilities from financing activities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | Current vs non- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 1, | ​ | Net cash | ​ | Accrued* | ​ | exchange | ​ | current | ​ | ​ | ​ | ​ | Conversion | ​ | December 31,
​ |  | 2022 |  | Flows |  | Interest |  | movement |  | reclassification |  | Other |  | effects |  | 2022
Current interest-bearing loans and borrowings | ​ | US$ | 196,898 | ​ | US$ | (152,984) | ​ | US$ | 761 | ​ | US$ | 739 | ​ | US$ | 65,063 | ​ | US$ | 124 | ​ | US$ | 1,547 | ​ | US$ | 112,148
Non-current interest -bearing loans and borrowings |  | ​ | 108,039 |  | ​ | 111,776 | ​ | ​ | — |  | ​ | — |  | ​ | (65,063) |  | ​ | 442 |  | ​ | 5,693 |  | ​ | 160,887
Total liabilities from financing activities |  | US$ | 304,937 |  | US$ | (41,208) | ​ | US$ | 761 |  | US$ | 739 |  | US$ | — |  | US$ | 566 |  | US$ | 7,240 |  | US$ | 273,035
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | Current vs non- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 1, | ​ | Net cash | ​ | Accrued* | ​ | exchange | ​ | current | ​ | ​ | ​ | ​ | Conversion | ​ | December 31,
​ |  | 2021 |  | Flows |  | Interest |  | movement |  | reclassification |  | Other |  | effects |  | 2021
Current interest-bearing loans and borrowings | ​ | US$ | 78,145 | ​ | US$ | (60,322) | ​ | US$ | 142 | ​ | US$ | 3,794 | ​ | US$ | 179,355 | ​ | US$ | — | ​ | US$ | (4,216) | ​ | US$ | 196,898
Non-current interest -bearing loans and borrowings |  | ​ | 190,276 |  | ​ | 99,759 | ​ | ​ | — |  | ​ | 1,734 |  | ​ | (179,355) |  | ​ | 356 |  | ​ | (4,731) |  | ​ | 108,039
Total liabilities from financing activities |  | US$ | 268,421 |  | US$ | 39,437 | ​ | US$ | 142 |  | US$ | 5,528 |  | US$ | — |  | US$ | 356 |  | US$ | (8,947) |  | US$ | 304,937
​ * This balance is net of interest provisions and interest effectively paid as of December 31, 2022 and 2021, respectively.

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