<SEC-DOCUMENT>0001292814-25-004329.txt : 20251219
<SEC-HEADER>0001292814-25-004329.hdr.sgml : 20251219
<ACCEPTANCE-DATETIME>20251218215527
ACCESSION NUMBER:		0001292814-25-004329
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251219
DATE AS OF CHANGE:		20251218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
		CENTRAL INDEX KEY:			0001520504
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36059
		FILM NUMBER:		251584822

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AV. ANTONIO DOVALI JAIME NO. 70
		STREET 2:		PISO 13
		CITY:			COL. ZEDEC SANTA FE
		PROVINCE COUNTRY:   	O5
		ZIP:			01210
		BUSINESS PHONE:		(52) 55 5261 6400

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AV. ANTONIO DOVALI JAIME NO. 70
		STREET 2:		PISO 13
		CITY:			COL. ZEDEC SANTA FE
		PROVINCE COUNTRY:   	O5
		ZIP:			01210
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>vlrs20251218_6k.htm
<DESCRIPTION>6-K
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<P STYLE="font: 12pt/3pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: black">&nbsp;</P>

<P STYLE="font: 12pt/0.75pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: black">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C.&nbsp;&nbsp;20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT&nbsp;OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Rule 13a-16 or 15d-16 of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the month of December 2025</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Commission File Number: 001-36059</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n,
S.A.B. de C.V.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Av. Antonio Doval&iacute; Jaime No. 70, 13 Floor,
Tower B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Colonia Zedec Santa Fe</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United Mexican States, Mexico City 01210</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>+(52) 55-5261-6400</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;(Address of principal executive offices)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Form
20-F&nbsp; </FONT><FONT STYLE="font-family: Wingdings">x</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F&nbsp; </FONT><FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/2.25pt Times New Roman, Times, Serif; margin: 8.5pt 0 0; text-align: center; background-color: black">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">On December 18, 2025, Controladora Vuela Compa&ntilde;&iacute;a
de Aviaci&oacute;n, S.A.B. de C.V. (NYSE: VLRS) (&ldquo;Volaris&rdquo; or the &ldquo;Company&rdquo;) issued a press release announcing
that the Company has entered into an agreement with Grupo Viva Aerobus, S.A. de C.V. (&ldquo;Viva&rdquo;) to create a new Mexican airline
group under a holding company structure (the &ldquo;Transaction&rdquo;), with the objective of expanding low fare travel and connectivity
within Mexico and abroad. A copy of this press release is attached to this Form 6-K as Exhibit 99.1 and incorporated herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">On December 18, 2025, the Company distributed
an email correspondence to its Mexican shareholders announcing the Transaction. A copy of this email correspondence is attached to this
Form 6-K as Exhibit 99.2 and incorporated herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><U>Forward-Looking Statements</U></B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">Certain statements in this Form 6-K, including
statements concerning and involving Volaris, Viva, the proposed Transaction, including statements about the benefits of the Transaction,
and other matters, should be considered forward-looking within the meaning of the Securities Act of 1933, as amended, the Securities Exchange
Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Volaris&rsquo;
and Viva&rsquo;s current expectations and beliefs with respect to certain current and future events and anticipated financial and operating
performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to Volaris&rsquo; and Viva&rsquo;s
operations and business environment that may cause actual results to differ materially from any future results expressed or implied in
such forward-looking statements. Words such as &ldquo;will,&rdquo; &ldquo;expect,&rdquo; &ldquo;likely,&rdquo; &ldquo;outlook,&rdquo;
&ldquo;forecast,&rdquo; &ldquo;preliminary,&rdquo; &ldquo;would,&rdquo; &ldquo;could,&rdquo; &ldquo;should,&rdquo; &ldquo;can,&rdquo;
&ldquo;project,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;goal,&rdquo; &ldquo;guidance,&rdquo; &ldquo;target,&rdquo; &ldquo;continue,&rdquo;
&ldquo;sustain,&rdquo; &ldquo;synergy,&rdquo; &ldquo;on track,&rdquo; &ldquo;believe,&rdquo; &ldquo;seek,&rdquo; &ldquo;estimate,&rdquo;
&ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;possible,&rdquo; &ldquo;assume,&rdquo; &ldquo;indicate,&rdquo; &ldquo;remain,&rdquo;
and other similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements
that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future
effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be
predicted, guaranteed, or assured.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">All forward-looking statements in this Form
6-K are based upon information available to Volaris and Viva on the date of this Report. Volaris and Viva undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances, or otherwise,
except as required by applicable law. There can be no assurance that the Transaction will in fact be consummated.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">Risks and uncertainties that could cause actual
results to differ materially from those indicated in the forward-looking statements include: the possibility that Volaris&rsquo; shareholders
may not approve the adoption of the business combination agreement; the risk that a condition to closing of the Transaction may not be
satisfied (or waived); the ability of each party to consummate the Transaction; that either party may terminate the business combination
agreement or that the closing of the Transaction might be delayed or not occur at all; possible disruption related to the Transaction
to Volaris&rsquo; or Viva&rsquo;s current plans or operations, including through the loss of customers and employees; the diversion of
management time and attention from ongoing business operations and opportunities; the response of competitors to the Transaction; a failure
to (or delay in) receiving the required regulatory clearances for the Transaction; risks related to investor and rating agency perceptions
of each of the parties and their respective business, operations, financial condition and the industry in which they operate; risks related
to the potential impact of general</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">economic, political and market factors on the
companies or the Transaction; the outcome of any legal proceedings that could be instituted against Volaris, Viva or others relating to
the Transaction; the combined company&rsquo;s ability to realize anticipated cost savings, synergies or growth from the Transaction in
the timeframe expected or at all; that the combined holding company&rsquo;s cash and cash equivalents balances, together with the availability
under certain credit facilities made available to the combined company and certain of its subsidiaries under its existing credit agreements,
will be sufficient to fund the combined holding company&rsquo;s operations including capital expenditures over the next 12 months; legislative,
regulatory and economic developments affecting the business of Volaris and Viva; the possibility and severity of catastrophic events,
including but not limited to, pandemics, natural disasters, acts of terrorism or outbreak of war or hostilities; and other risks and uncertainties
detailed in periodic reports that Volaris files with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) and period reports that
the companies file with the Mexican National Banking and Securities Commission (Comisi&oacute;n Nacional Bancaria y de Valores; CNBV),
as applicable. All forward-looking statements in this Form 6-K are based on information available to Volaris and Viva as of the date of
this Report. Volaris and Viva each expressly disclaim any obligation to publicly update or revise the forward-looking statements, except
as required by law.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><U>Additional Information About the Transaction and Where to Find It</U></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The Transaction is expected to be submitted
to shareholders of Volaris and Viva for their consideration. Only shareholders of Volaris&rsquo; and Viva&rsquo;s outstanding common shares
registered as of the applicable record date are entitled to vote on the Transaction. Voting will be conducted in Mexico in accordance
with Mexican law and each of the companies&rsquo; bylaws. Holders of American Depositary Shares (ADSs), Certificados de Participaci&oacute;n
Ordinarios (CPOs), or other instruments representing common shares are not shareholders of record, do not have voting rights and are not
entitled to vote on the Transaction. In connection with the proposed Transaction, Volaris and Viva may prepare, make available and disclose,
to shareholders and investors certain materials, including, as applicable, shareholder meeting documentation, proxy or information statements,
prospectuses, offering materials, and other communications, which will be distributed in accordance with applicable law. If and when such
materials are filed with or furnished to the SEC, the CNBV, the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV) or the Bolsa Institucional
de Valores, S.A. de C.V. (BIVA), they will be made available free of charge on Volaris&rsquo; investor relations website and Viva&rsquo;s
investor relations website, for SEC filings, at www.sec.gov, for CNBV filings, at www.gob.mx/cnbv, for BMV filings at www.bmv.com.mx,
and for BIVA filings at www.biva.mx. Shareholders of Volaris and Viva are urged to read any such materials carefully if and when they
become available before making any voting or investment decision. The proposed Transaction remain subject to customary closing conditions,
including receipt of applicable regulatory approvals and shareholder approvals, as described in related announcement materials.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">This Form 6-K is for informational purposes
only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote, approval,
or proxy in any jurisdiction.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The information contained herein has not been
reviewed or authorized by the CNBV, the BMV or BIVA.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/106% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt/106% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 0.5in; text-align: justify">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman , Times, serif; orphans: 2; text-transform: none; widows: 2; letter-spacing: normal; word-spacing: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt"><b>Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B. de C.V.</b></font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td style="width: 51%"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt">Date: December 18, 2025</font></td>
    <td style="width: 6%"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt">By:</font></td>
    <td style="width: 43%"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt">/s/ Enrique J. Beltranena Mejicano</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, serif; font-size: 10pt">Name:</font></td>
    <td>Enrique J. Beltranena Mejicano</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>Title:</td>
    <td>   Chief Executive Officer</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, serif; font-size: 10pt">By:</font></td>
    <td><font style="font-family: Times New Roman, Times, serif; font-size: 10pt">/s/ Jaime E. Pous Fern&aacute;ndez</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman , Times, serif; font-size: 10pt">Name:</font></td>
    <td>Jaime E. Pous Fern&aacute;ndez</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>Title:</td>
    <td>Chief Financial Officer</td></tr>
  </table>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 0.5in; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 87%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">
    <P STYLE="border-bottom: black 0.75pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">Exhibit</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">
    <P STYLE="border-bottom: black 0.75pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">Description</P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">99.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; line-height: 107%"><A HREF="ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Press release dated December 18, 2025, titled &ldquo;Volaris and Viva announce&nbsp;formation&nbsp;of a new Mexican airline group to accelerate the growth of airline travel and connectivity in Mexico&rdquo;. </FONT></A></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="ex99-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">99.2</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; line-height: 107%"><A HREF="ex99-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Investor email distributed to Mexican shareholders on December 18, 2025.</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; text-align: center; margin-right: 0; margin-bottom: 0; margin-left: 0"><B><IMG SRC="vlrs202512186k_001.jpg" ALT=""></B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; text-align: center; margin-right: 0; margin-bottom: 0; margin-left: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-right: 0; margin-left: 0"><B>Volaris and
Viva Announce the Formation of a New Mexican Airline Group to Accelerate the Growth of Air Travel and Connectivity in Mexico</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Will enable more flights at low fares for passengers,
strengthening connectivity in Mexico.</I></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Will maintain Volaris and Viva identities,
brands and operations (including independent operating certificates), preserving existing choice for passengers.</I></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Will advance the democratization of travel
in Mexico.</I></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Will realize economies of scale, strengthening
the financial profile of the new airline group.</I></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>The transaction is subject to conditions and
regulatory approvals in Mexico and other jurisdictions where Volaris and Viva operate.</I></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Companies to host investor conference call
on 10:00 a.m. ET, Friday, December 19, 2025.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Mexico City, Mexico, December 18, 2025</B> <I>&mdash;</I>
Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (&ldquo;Volaris&rdquo; or &ldquo;the
Company&rdquo;) and Grupo Viva Aerobus, S.A. de C.V. (&quot;Viva&quot;) today announced that they have entered into an agreement to create
a new Mexican airline group (&ldquo;the airline group&rdquo;) under a holding company structure, with the objective of expanding low fare
travel and the connectivity within Mexico and abroad.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The two carriers will retain their current operations
under their independent operating certificates and unique brands, preserving existing options for passengers while broadening access to
point-to-point travel solutions.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The transaction is expected to deliver significant
benefits to both Volaris&rsquo; and Viva&rsquo;s employees, passengers, communities, suppliers, and shareholders. Simultaneously, the
new group will support investments, jobs, air connectivity, tourism, and economic development across Mexico.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">With enhanced economies of scale through this new airline
group, Volaris and Viva will benefit from lowered fleet ownership costs, improved access to capital, and a strengthened financial position.
This will enable both carriers to expand their offering of low-cost, high-value service that makes air travel more accessible to a broader
set of customers, with the goal of improving market reach and encouraging demand.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&ldquo;We expect the formation of the new airline
group will allow us to realize significant growth opportunities for air travel in Mexico, in line with the low fare and point-to-point
approach that revolutionized the industry over the last two decades,&rdquo; <B>said Enrique Beltranena, Volaris&rsquo; President and
CEO</B>. &ldquo;The economies of scale and expanded distribution capacity will allow us to compete even more effectively in domestic
and international markets by lowering fleet ownership costs. This way, we will be able to offer ultra-low-cost fares to even more passengers
as we pursue sustainable growth, benefit from a more efficient fleet, and lower costs.&rdquo;</P>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&ldquo;We intend this transaction to enable both Viva
and Volaris to provide ultra-low-cost fares and more point-to-point travel to even more cities across Mexico and internationally, benefiting
not only passengers, but also local economies and communities,&rdquo; <B>said Juan Carlos Zuazua, CEO of Viva</B>. &ldquo;Both airlines,
which share a similar low-cost DNA and mindset, have always believed in the importance of making travel more accessible for everyone.
Our passengers choose Viva and Volaris for their point-to-point networks, seamless customer service, and low fares, so maintaining our
ultra-low-cost strategy is essential not only for sustaining growth, but also for deepening passenger loyalty. Together, we look forward
to continuing to deliver more flights at low cost for our passengers.&rdquo;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><U>Meaningful Expected Benefits for All Stakeholders</U></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>For the Mexican Aviation Industry </I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Increases accessibility to the ultra-low-cost
model for more passengers.</B> Mexico&rsquo;s aviation sector can redefine itself as a catalyst for national prosperity and continue advancing
the democratization of air travel.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Generates economies of scale at the holding
company level for a stronger foundation. </B>Recent supply chain setbacks and quality concerns with OEMs and engine manufacturers have
had disproportionate impacts on ultra-low-cost carriers&rsquo; and smaller carriers&rsquo; operating costs. As part of the airline group,
Volaris and Viva will realize economies of scale to ensure sustainable growth, fleet optimization, and lowered aircraft ownership costs.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Maintains and enhances two leading Mexican
brands. </B>Makes Volaris and Viva more resilient and competitive organizations, capable of thriving in dynamic regional markets while
still maintaining their ultra-low-cost DNA to stimulate demand.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>For Our Passengers </I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Preserves existing choice for passengers. </B>Both
Volaris and Viva will retain their current operations under their independent certificates and titles of concession, preserving existing
route offerings for passengers, while expanding distribution capacity and exploring collaboration on perks such as their leading frequent
flier programs: Doters and Altitude.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Creates new domestic travel options and expands
access. </B>The formation of the airline group will broaden access to affordable air travel and provide passengers with greater choice
and convenience through more point-to-point travel solutions, new operational bases, and enhanced connectivity with potential codeshare agreements
between both airlines.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Improves international travel capabilities.</B>
Volaris and Viva will broaden their reach and continue to deliver ultra-low fares and high standards to communities abroad and tourists
visiting Mexico, as well as provide passengers with greater opportunities through global codeshare partnerships and distribution systems.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>For Our People </I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Improves job stability for Volaris and Viva
employees. </B>Both Volaris and Viva will maintain their operating certificates and employees&rsquo; day-to-day work will continue as
usual, preserving and protecting jobs.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Creates new jobs in local communities. </B>For
every aircraft of new service added, between 55 and 60 direct jobs are typically created, with an estimated four times as many indirect
jobs created in adjacent sectors, while opening new operating bases creates relocation opportunities and new job offerings.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Creates new growth opportunities for Volaris
and Viva employees. </B>The new airline group will be well positioned to invest in its fleet, technology, infrastructure, training centers,
maintenance facilities, and tools, resulting in the growth of well-paid employment opportunities. </FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>For Our Communities </I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Transforms economies across Mexico.</B> Volaris
and Viva will be able to increase operations in the Mexico City metropolitan area, including at Felipe &Aacute;ngeles International Airport,
and open new operating bases nationwide, driving development at the same rapid pace seen in existing bases such as Monterrey, Guadalajara,
Cancun, the Mexico City metropolitan area and Tijuana.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Supports other related industries.</B> Tourism,
VFR and business travel will benefit significantly from the establishment of the new airline group, bolstering the hospitality, retail,
and tourism sectors, which are vital engines of national growth. </FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify"><B><I>&nbsp;</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Improves connectivity and broadens access.</B>
The airline group&rsquo;s ultra-low-fare model will play an important role in connecting communities across Latin America, the U.S. and
Canada expanding reach in dynamic markets.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>For Our Shareholders</I></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Drives lower aircraft ownership costs through
a strengthened financial profile. </B>The new airline group expects to have optimized unit costs, low leverage and better access to lower-cost
capital.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Provides better opportunities for growth.</B>
With lower fleet costs, both Viva and Volaris will continue to pursue sustainable growth driven by customer demand. </FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Webdings; font-size: 8pt">&lt;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Creates significant shareholder value.</B>
Volaris and Viva operate with a high degree of compatibility across fleet, airport infrastructure, technology, reservation systems, suppliers,
and technical capabilities, driving substantial potential for synergies.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><U>Transaction Details</U></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Volaris and Viva have entered into an agreement to
create a new Mexican airline group. Under the terms of the agreement, Viva and Volaris shareholders will combine their holding companies
through a merger of equals. Upon closing, Viva shareholders will receive newly issued shares of the Volaris Holding Company, and Volaris
shareholders will continue to hold their shares, with each shareholder group owning 50% of the Mexican airline group on a fully diluted
basis.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Boards of Directors of both Volaris and Viva unanimously
approved the transaction, which is subject to regulatory approvals, customary closing conditions, and approval by Volaris&rsquo; and Viva&rsquo;s
shareholders. The transaction is expected to close in 2026. The shares of the holding company will remain listed publicly on the Bolsa&nbsp;Mexicana
de Valores (BMV) and the New York Stock Exchange (NYSE).&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><U>Leadership and Governance</U></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Both Volaris and Viva will continue operating as separate
entities, with their current existing leadership structures in place. Upon closing, the airline holding group will be overseen by a Board
of Directors comprised of members from both Volaris and Viva. The new airline group will be chaired by Roberto Alc&aacute;ntara Rojas,
current chairman of the board of Viva.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><U>Advisors</U></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Morgan Stanley &amp; Co. LLC is serving as financial
advisor to Volaris, and Latham &amp; Watkins LLP and Mijares, Angoitia, Cortes y Fuentes, S.C. are serving as legal advisors to Volaris.
FTI Consulting is serving as strategic communications advisor to Volaris. Alfaro, D&aacute;vila &amp; Scherer and UBS Investment Bank
are acting as financial advisors to Viva, and Cleary Gottlieb Steen &amp; Hamilton LLP and Ritch, Mueller y Nicolau, S.C. are serving
as legal advisors to Viva.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><U>Conference Call Information</U></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Volaris and Viva will host a joint investor conference
call on Friday, December 19, 2025 at 9:00 a.m. Mexico City Time (10:00 a.m. Eastern Time) to discuss the announcement. A live webcast
of the call and the replay will be available <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">here and on the Volaris and Viva
websites. </FONT></P>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">More information can be found here.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #212121"><FONT STYLE="font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121"><FONT STYLE="font-style: normal"><B>About
Volaris</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">*Controladora Vuela Compa&ntilde;&iacute;a
de Aviaci&oacute;n, S.A.B. de C.V. (&ldquo;Volaris&rdquo; or &ldquo;the Company&rdquo;) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost
carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares
to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris
has increased its routes from 5 to more than 222 and its fleet from 4 to 155 aircraft. Volaris offers around 500 daily flight segments
on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets
in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico,
the United States, Central, and South America. For more information, please visit ir.volaris.com. Volaris routinely posts information
that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult
the Volaris website regularly for important information about Volaris.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #A03394"><B>Investor Relations Contact</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">Liliana Ju&aacute;rez / ir@volaris.com</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #A03394"><B>Media Contact</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">Jorge Padilla / Tanner Kaufman / Mike Gaudreau</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">Jorge.A.Padilla@fticonsulting.com</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">AnuncioVivayVolaris@fticonsulting.com</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121"><B>About Viva</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">Viva is a Mexican ultra-low-cost airline
that provides air transport services across Mexico, United States, and other Latin American countries. Founded in 2006, Viva operates
one of the youngest aircraft fleets in America. With a clear vision to give all people the opportunity to fly, Viva has democratized air
travel by offering low fares and a low cost service, making their flights the best value offer. For more information please visit: https://www.vivaaerobus.com/en-us/</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #4EA72E"><B>Investor Relations Contact</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Marcelo Gonz&aacute;lez / ir@vivaaerobus.com</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #4EA72E"><B>Media Contact</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Walfred Castro / walfred.castro@vivaaerobus.com</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121">&nbsp;</P>


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<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121"><B>Forward Looking Statements</B></P>
<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Certain statements in this communication, including
statements concerning and involving Controladora Vuela Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B. de C.V. (&ldquo;Volaris&rdquo;),
Grupo Viva Aerobus, S.A. de C.V. (&ldquo;Viva&rdquo;), the proposed transaction (the &ldquo;Transaction&rdquo;), including statements
about the benefits of the Transaction, and other matters, should be considered forward-looking within the meaning of the Securities Act
of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on Volaris&rsquo; and Viva&rsquo;s current expectations and beliefs with respect to certain current
and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many
risks and uncertainties relating to Volaris&rsquo; and Viva&rsquo;s operations and business environment that may cause actual results
to differ materially from any future results expressed or implied in such forward-looking statements. Words such as &ldquo;will,&rdquo;
&ldquo;expect,&rdquo; &ldquo;likely,&rdquo; &ldquo;outlook,&rdquo; &ldquo;forecast,&rdquo; &ldquo;preliminary,&rdquo; &ldquo;would,&rdquo;
&ldquo;could,&rdquo; &ldquo;should,&rdquo; &ldquo;can,&rdquo; &ldquo;project,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;goal,&rdquo;
&ldquo;guidance,&rdquo; &ldquo;target,&rdquo; &ldquo;continue,&rdquo; &ldquo;sustain,&rdquo; &ldquo;synergy,&rdquo; &ldquo;on track,&rdquo;
&ldquo;believe,&rdquo; &ldquo;seek,&rdquo; &ldquo;estimate,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;possible,&rdquo;
&ldquo;assume,&rdquo; &ldquo;indicate,&rdquo; &ldquo;remain,&rdquo; and other similar expressions are intended to identify forward-looking
statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements
which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate
that the future effects of known trends or uncertainties cannot be predicted, guaranteed, or assured.</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">All forward-looking statements in this communication
are based upon information available to Volaris and Viva on the date of this communication. Volaris and Viva undertake no obligation to
publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances,
or otherwise, except as required by applicable law. There can be no assurance that the Transaction will in fact be consummated.</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Risks and uncertainties that could cause actual results
to differ materially from those indicated in the forward-looking statements include: the possibility that Volaris&rsquo; shareholders
may not approve the adoption of the Business Combination Agreement; the risk that a condition to closing of the Transaction may not be
satisfied (or waived); the ability of each party to consummate the Transaction; that either party may terminate the Business Combination
Agreement or that the closing of the Transaction might be delayed or not occur at all; possible disruption related to the Transaction
to Volaris&rsquo; or Viva&rsquo;s current plans or operations, including through the loss of customers and employees; the diversion of
management time and attention from ongoing business operations and opportunities; the response of competitors to the Transaction; a failure
to (or delay in) receiving the required regulatory clearances for the Transaction; risks related to investor and rating agency perceptions
of each of the parties and their respective business, operations, financial condition and the industry in which they operate; risks related
to the potential impact of general economic, political and market factors on the companies or the Transaction; the outcome of any legal
proceedings that could be instituted against Volaris, Viva or others relating to the Transaction; the combined company&rsquo;s ability
to realize anticipated cost savings, synergies or growth from the Transaction in the timeframe expected or at all; that the combined holding
company&rsquo;s cash and cash equivalents balances, together with the availability under certain credit facilities made available to the
combined company and certain of its subsidiaries under its existing credit agreements, will be sufficient to fund the combined holding
company&rsquo;s operations including capital expenditures over the next 12 months; legislative, regulatory and economic developments affecting
the business of Volaris and Viva; the possibility and severity of catastrophic events, including but not limited to, pandemics, natural
disasters, acts of terrorism or outbreak of war or hostilities; and other risks and uncertainties detailed in periodic reports that Volaris
files with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) and period reports that the companies file with the Mexican National
Banking and Securities Commission (Comisi&oacute;n Nacional Bancaria y de Valores; CNBV), as applicable. All forward-looking statements
in this communication are based on information available to Volaris and Viva as of the date of this communication. Volaris and Viva each
expressly disclaim any obligation to publicly update or revise the forward-looking statements, except as required by law..</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #212121"><B>Additional Information About the
Transaction and Where to Find It</B></P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Transaction is expected to be submitted to shareholders
of Volaris and Viva for their consideration. Only shareholders of Volaris&rsquo; and Viva&rsquo;s outstanding common shares registered
as of the applicable record date are entitled to vote on the Transaction. Voting will be conducted in Mexico in accordance with Mexican
law and each of the companies&rsquo; bylaws. Holders of American Depositary Shares (ADSs), <I>Certificados de Participaci&oacute;n Ordinarios</I>
(CPOs), or other instruments representing common shares are not shareholders of record, do not have voting rights and are not entitled
to vote on the Transaction. In connection with the proposed Transaction, Volaris and Viva may prepare, make available and disclose, to
shareholders and investors certain materials, including, as applicable, shareholder meeting documentation, proxy or information statements,
prospectuses, offering materials, and other communications, which will be distributed in accordance with applicable law. If and when such
materials are filed with or furnished to the SEC, the CNBV, the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV) or the Bolsa Institucional
de Valores, S.A. de C.V. (BIVA), they will be made available free of charge on Volaris&rsquo; investor relations website and Viva&rsquo;s
investor relations website, for SEC filings, at www.sec.gov, for CNBV filings, at www.gob.mx/cnbv, for BMV filings at www.bmv.com.mx,
and for BIVA filings at www.biva.mx. Shareholders of Volaris and Viva are urged to read any such materials carefully if and when they
become available before making any voting or investment decision. The proposed Transaction remains subject to customary closing conditions,
including receipt of applicable regulatory approvals and shareholder approvals, as described in related announcement materials.</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">This press release is for informational purposes only
and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote, approval,
or proxy in any jurisdiction.</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The information contained herein has not been reviewed
or authorized by the CNBV, the BMV or BIVA.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #A03394"><B><IMG SRC="vlrs202512186k_002.jpg" ALT="">&nbsp;</B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: #A03394"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: #A03394"><B>Volaris and Viva announce the formation
of<BR>
a new Mexican airline group to accelerate the growth<BR>
of air travel and connectivity in Mexico</B></P>

<P STYLE="font: 10pt/60% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Mexico City, Mexico, December 18, 2025 &ndash; </B>Controladora Vuela
Compa&ntilde;&iacute;a de Aviaci&oacute;n, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (&ldquo;Volaris&rdquo; or &ldquo;the Company&rdquo;)
and Grupo Viva Aerobus, S.A. de C.V. (&quot;Viva&quot;) today announced that they have entered into an agreement to create a new Mexican
airline group (&ldquo;the airline group&rdquo;) under a holding company structure, with the objective of expanding low fare travel and
the connectivity within Mexico and abroad.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The two carriers will retain their current operations under their independent
operating certificates and unique brands, preserving existing options for passengers while broadening access to point-to-point travel
solutions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The transaction is expected to deliver significant benefits to both Volaris&rsquo;
and Viva&rsquo;s employees, passengers, communities, suppliers, and shareholders. Simultaneously, the new group will support investments,
jobs, air connectivity, tourism, and economic development across Mexico.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">With enhanced economies of scale through this new airline group, Volaris
and Viva will benefit from lowered fleet ownership costs, improved access to capital, and a strengthened financial position. This will
enable both carriers to expand their offering of low-cost, high-value service that makes air travel more accessible to a broader set of
customers, with the goal of improving market reach and encouraging demand.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Specific terms of the transaction can be found in our&nbsp;dedicated transaction
microsite.&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Meaningful expected benefits of&nbsp;uniting Volaris and Viva under one
airline group are highlighted below:&nbsp;&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Drives lower aircraft ownership costs through a strengthened
financial profile. </B>The new airline group expects to have optimized unit costs, low leverage and better access to lower-cost capital.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Provides better opportunities for growth.</B> With lower
fleet costs, both Viva and Volaris will continue to pursue sustainable growth driven by customer demand.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Creates significant shareholder value.</B> Volaris and
Viva operate with a high degree of compatibility across fleet, airport infrastructure, technology, reservation systems, suppliers, and
technical capabilities, driving substantial potential for synergies.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Volaris and Viva have entered into an agreement to create a new Mexican
airline group. Under the terms of the agreement, Viva and Volaris shareholders will combine their holding companies through a merger of
equals. Upon closing, Viva shareholders will receive newly issued shares of the Volaris Holding Company, and Volaris shareholders will
continue to hold their shares, with each shareholder group owning 50% of the Mexican airline group on a fully diluted basis.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Boards of Directors of both Volaris and Viva unanimously approved the
transaction, which is subject to regulatory approvals, customary closing conditions, and approval by Volaris&rsquo; and Viva&rsquo;s shareholders.
The transaction is expected to close in 2026. The shares of the holding company will remain listed publicly on the Bolsa&nbsp;Mexicana
de Valores (BMV) and the New York Stock Exchange (NYSE).&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #191919">Management will be hosting a conference call
on <B>Friday, December 19, 2025</B>, 9:00 a.m. Mexico City Time (10:00 a.m. Eastern Time) to discuss the transaction and its benefits
in more detail. An investor presentation is currently available on&nbsp;our&nbsp;</FONT>microsite<FONT STYLE="color: #191919">. </FONT></P>

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; color: #191919"><BR>
<IMG SRC="vlrs202512186k_003.jpg" ALT=""><BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #191919">&nbsp;</P>


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<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; color: #191919"><IMG SRC="vlrs202512186k_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #191919">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #191919"><B>Conference Call Details</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #191919"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #191919"><B>Date:</B></FONT></TD>
    <TD STYLE="width: 74%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #191919"><B>Friday, December 19, 2025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #191919"><B>Time:</B></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #191919"><B>9:00 a.m. Mexico City / 10:00 a.m. New York (USA) (ET)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #191919"><B>Webcast link:</B></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Volaris Webcast</B> <FONT STYLE="color: #191919">(View the live webcast)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #191919"><B>Dial-in &amp; Live Q&amp;A link: </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #191919"><B>Volaris Dial-in and Live Q&amp;A </B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in; color: #191919"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Click on the call link and complete the online registration
    form.</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in; color: #191919"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Upon registering you will receive the dial-in info and
    a unique PIN to join the call, as well as an email confirmation with the details.</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in; color: #191919"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Select a method for joining the call:</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 50.75pt; text-indent: -10.4pt; color: #191919"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">i.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Dial-In: A dial-in number and unique PIN are displayed
    to connect directly from your phone.</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 50.75pt; text-indent: -10.4pt; color: #191919"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">ii.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Call Me: Enter your phone number and click &ldquo;Call
    Me&rdquo; for an immediate callback from the system.</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #191919">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Additional Information About the Transaction and Where to Find It</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">The Transaction is expected to be submitted to shareholders of Volaris and
Viva for their consideration. Only shareholders of Volaris&rsquo; and Viva&rsquo;s outstanding common shares registered as of the applicable
record date are entitled to vote on the Transaction. Voting will be conducted in Mexico in accordance with Mexican law and each of the
companies&rsquo; bylaws. Holders of American Depositary Shares (ADSs), <I>Certificados de Participaci&oacute;n Ordinarios</I> (CPOs),
or other instruments representing common shares are not shareholders of record, do not have voting rights and are not entitled to vote
on the Transaction. In connection with the proposed Transaction, Volaris and Viva may prepare, make available and disclose, to shareholders
and investors certain materials, including, as applicable, shareholder meeting documentation, proxy or information statements, prospectuses,
offering materials, and other communications, which will be distributed in accordance with applicable law. If and when such materials
are filed with or furnished to the SEC, the CNBV, the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV) or the Bolsa Institucional de Valores,
S.A. de C.V. (BIVA), they will be made available free of charge on Volaris&rsquo; investor relations website and Viva&rsquo;s investor
relations website, for SEC filings, at www.sec.gov, for CNBV filings, at www.gob.mx/cnbv, for BMV filings at www.bmv.com.mx, and for BIVA
filings at www.biva.mx. Shareholders of Volaris and Viva are urged to read any such materials carefully if and when they become available
before making any voting or investment decision. The proposed Transaction remains subject to customary closing conditions, including receipt
of applicable regulatory approvals and shareholder approvals, as described in related announcement materials.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">This email is for informational purposes only and does not constitute an
offer to sell or the solicitation of an offer to buy any securities, nor a solicitation of any vote, approval, or proxy in any jurisdiction.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">The information contained herein has not been reviewed or authorized by the
CNBV, the BMV or BIVA.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><IMG SRC="vlrs202512186k_003.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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end
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</SEC-DOCUMENT>
