CTTRF Controladora Vuela Compania De Aviacion SAB De CV (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

 

Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of September 2023

 

Commission File Number: 001-36059

 

Controladora Vuela Compañía de Aviación, S.A.B. de C.V.

(Name of Registrant)

 

Av. Antonio Dovalí Jaime No. 70, 13 Floor, Tower B

Colonia Zedec Santa Fe

United Mexican States, Mexico City 01210

+(52) 55-5261-6400

 (Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  ☒                                            Form 40-F  ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 

EXPLANATORY NOTE

 

 

On September 28, 2023, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris announces the successful offering of asset backed trust notes under the ticker VOLARCB 23.” A copy of this press release is attached to this Form 6-K as Exhibit 99.1

 

 

 

 

SIGNATURES

 

 

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.

 

		Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
Date: September 28, 2023		By:	/s/ Enrique J. Beltranena Mejicano
		Name:	Enrique J. Beltranena Mejicano
		Title:	Chief Executive Officer
		By:	/s/ Jaime E. Pous Fernández
		Name:	Jaime E. Pous Fernández
		Title:	Chief Financial Officer

 

 

EXHIBIT INDEX

Exhibit		Description
99.1		Press release dated September 28, 2023 titled “Volaris announces the successful offering of asset backed trust notes under the ticker VOLARCB 23.”

 

 

 

Volaris announces the successful offering of asset backed trust notes under the ticker VOLARCB 23

 

Mexico City, September 28, 2023 - Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline in Mexico, the United States, Central America and South America, informs that today it successfully completed the offering of 15,000,000 (fifteen million) asset backed trust notes (certificados bursátiles fiduciarios) (the “Trust Notes “) in Mexico under the ticker VOLARCB 23 for an amount of $1,500,000,000 (one billion five hundred million pesos) by CIBanco, S.A., Institución de Banca Múltiple, acting as Trustee of the Irrevocable Trust number CIB/3249 created by Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V., in the third offering under the program authorized by the Mexican National Banking and Securities Commission for an amount of up to $5,000,000,000 (five billion pesos).

 

The Trust Notes will be backed by future collection rights under agreements entered into with credit card processors regarding flows derived from the sale of airline tickets and other related services through VISA and Mastercard credit cards, through their internet portal, travel agencies, call centers and sales offices.

 

The Trust Notes were rated "HR AA+ (E)" and "AA+/M(e)" by the rating agencies HR Ratings de México, S.A. de C.V. and Verum Calificadora de Valores, S.A.P.I. de C.V., respectively, and will have a maturity term of five years. The underwriters were Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México and Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver.

 

This communication does not constitute an offer to sell or an offer to purchase, nor shall there be or give rise to the possibility of any sale of the Trust Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration under the laws governing financial instruments in such jurisdiction.

The information included does not provide information about the company's future performance. Volaris' future performance depends on a number of factors, and it cannot be inferred that the performance of any period or its comparison with the same period of the previous year is indicative of similar performance in the future.

About Volaris:

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") is an ultra-low-cost, point-to-point airline operating in Mexico, the United States, Central America and South America. Volaris offers low base fares to stimulate the market, offering quality customer service and a wide choice of products. Since it began its operations in March 2006, Volaris has increased its routes from five to 245 and its fleet from four to 125 aircraft. Volaris offers more than 500 daily flight segments on routes connecting 43 cities in Mexico and 28 cities in the United States Central and South America, with one of the most modern aircraft fleets in the American continent. Volaris focuses on passengers visiting friends and family (VFR), cost-conscious business travelers and leisure travelers in Mexico and selected destinations in the United States and Central America. Volaris has received the Socially Responsible Company (ESR) award for thirteen consecutive years. For more information visit: www.volaris.com

 

Investor Relations Contact:

Ricardo Martínez / ir@volaris.com

Media Contact:

Israel Álvarez / ialvarez@gcya.net

 

 

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