Controladora Vuela Compañía de Aviación B de C : Volaris Announces Offering of ADSs

Mexico City, Mexico - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. ('Volaris' or the 'Company') (NYSE: VLRS and BMV: VOLAR), an ultra-low-cost airline based in Mexico, announced today the launch of a primary follow-on equity offering in which the Company is offering 120,000,000 of its Ordinary Participation Certificates (Certificados de Participacion Ordinarios), or CPOs, in the form of American Depositary Shares, or ADSs, in the United States and other countries outside of Mexico, pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission (the 'SEC'). Each ADS represents 10 CPOs and each CPO represents a financial interest in one Series A share of common stock of the Company. The Company currently intends to use the net proceeds from the offering for general corporate purposes. Morgan Stanley, Evercore ISI, Santander, Citigroup and BofA Securities are acting as underwriters in connection with the offering.

The offering of these securities will be made only by means of a prospectus and an accompanying prospectus supplement. Before you invest, you should read the prospectus and the accompanying prospectus supplement in that registration statement and other documents that the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by phone at [phone], or by email at [e-mail]; Santander Investment Securities Inc., Attention: Equity Capital Markets, 13th floor 45 East 53rd Street, New York, NY 10022; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: [phone]); or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department or by emailing [e-mail].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Volaris:

('Volaris' or the 'Company') (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 171 and its fleet from four to 85 aircraft. Volaris offers more than 350 daily flight segments on routes that connect 43 cities in Mexico and 25 cities in the United States with one of the youngest fleets in The Americas. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico and in selected destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: www.volaris.com.

Investor Relations contact: Maria Elena Rodriguez & Andrea Gonzalez/ Investor Relations / [e-mail] / [phone]

Media contact: Gabriela Fernandez / [e-mail] / [phone]

INVESTOR RELATIONS

[phone]

[e-mail]

Maria Elena Rodriguez Asiain

Andrea A. Gonzalez Anzures

(C) 2020 Electronic News Publishing, source ENP Newswire