Notes and other explanatory information [abstract]

Schedule of short-term and long-term debt


		December 31, 2025			December 31, 2024

I.	Revolving credit line with Banco Santander, S.A., (“Santander”) and Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”), in U.S. dollars, to finance pre-delivery payments, bearing an annual interest rate of SOFR plus a spread of 298 basis points, plus 5 basis points⁽¹⁾. In August 2024, the Company increased the facility amount to include additional aircraft, extending the maturity date to December 31, 2028, the interest rate from the additional aircraft excludes the sustainability adjustment.		US$	145,490		US$	109,976

II.	Pre-delivery payments financing with JSA International U.S. Holdings, LLC, with a maturity date on November 30, 2025, bearing an annual interest of SOFR plus a spread of 300 basis points, along with additional adjustment up to 26 basis points.			—			25,907

III.	Pre-delivery payments financing with GY Aviation Lease 1714 Co. Limited, with maturity date on November 30, 2025, bearing annual interest of SOFR plus a spread of 425 basis points, along with additional adjustment up to 26 basis points.			—			60,629

IV.	Pre-delivery payments financing with Incline II B Shannon 18 Limited, with maturity date on June 10, 2025, bearing annual interest of SOFR plus a spread of 390 basis points.			—			41,432

V.	Pre-delivery payments financing with Oriental Leasing 6 Company Limited, with maturity date on May 31, 2027, bearing an annual interest of SOFR plus a spread of 200 basis points, along with additional adjustment up to 26 basis points.			55,028			123,038

VI.	Asset-backed trust notes (“CEBUR”), in Mexican pesos, with a maturity date on October 20th, 2026, bearing an annual interest rate of TIIE plus 200 basis points, plus 25 basis points. ⁽¹⁾			23,191			45,227

VII.	Asset-backed trust notes (“CEBUR”), in Mexican pesos, with a maturity date on September 20th, 2028, bearing an annual interest rate of TIIE plus 215 basis points.			83,488			74,007

VIII.	Financing for the acquisition of engines with Tarquin Limited, with maturity on September 15, 19 and 26, 2028, bearing an annual interest of 6.20%.			39,427			41,812

IX.	Financing for the acquisition of engines with NBB-V11218 Lease Partnership, with maturity on September 9, 2028, bearing an annual interest of 6.20%.			7,323			8,095

X.	Financing for the acquisition of engines with NBB-V11951 Lease Partnership, with maturity on September 12, 2028, bearing an annual interest of 6.20%.			6,761			7,473

XI.	Financing for the acquisition of engines with Wilmington Trust SP Services (Dublin) Limited (not in its individual capacity but solely as Owner Trustee) for the acquisition of several engines, with maturity in September and October 2028, bearing an annual interest of 7.16%.			55,360			63,732

XII.	Financing for the acquisition of engines with NBB Pintail Co., LTD, with maturity date on November 27, 2028, bearing an annual interest of 6.99%.			18,996			19,795

XIII.	Financing for the acquisition of engines with Bank of Utah Corporate Trust, with maturity date in July, August, October and November 2029, bearing an annual interest of 6.20%.			63,648			71,624

		December 31, 2025				December 31, 2024

XIV.	Financing for the acquisition of engines with RRPF Engine Leasing Limited, with maturity date on November 14, 2032, bearing an annual interest of 6.80%.			34,270				36,473

XV.	Financing for the acquisition of engines with BOC Aviation (Ireland) Limited, with maturity date in October and November 2029, bearing an annual interest of 6.86%.			63,192				70,892

XVI.	Financing for the acquisition of aircraft with BOC Aviation (Ireland) Limited, with maturity in September 2028 and March 2029, bearing an annual interest of 6.52%.			31,781				—

XVII.	Financing for the acquisition of engines with Crédit Agricole Corporate and Investment Bank, with maturity date in September 2032, bearing an annual interest of SOFR plus 200 basis points.			74,856				—

XVIII.	Transaction costs to be amortized.			(3,536	)			(3,590	)

XIX.	Accrued interest and other financial cost.			3,563				13,456
				702,838				809,978
	Less: Short-term maturities			261,721				283,616
	Long-term Financial debt		US$	441,117			US$	526,362

TIIE:

Mexican interbank rate

SOFR:

Secured Overnight Financing Rate

⁽¹⁾

Sustainability adjustment

Schedule of changes in liabilities from financing activities


	January 1, 2025			Net cash Flows				Accrued Interest ⁽¹⁾				Non - current vs Current reclassification				Others				Conversion effects			December 31, 2025
Current interest-bearing loans and borrowings		US$	283,616		US$	(241,314	)		US$	(9,893	)		US$	226,276			US$	(331	)		US$	3,367		US$	261,721
Non-current interest - bearing loans and borrowings			526,362			130,459				—				(226,276	)			494				10,078			441,117
Total liabilities from financing activities		US$	809,978		US$	(110,855	)		US$	(9,893	)		US$	—			US$	163			US$	13,445		US$	702,838

	January 1, 2024			Net cash Flows				Accrued Interest ⁽¹⁾			Non - current vs Current reclassification				Others				Conversion effects				December 31, 2024
Current interest-bearing loans and borrowings		US$	220,289		US$	(84,514	)		US$	6,496		US$	146,655			US$	(217	)		US$	(5,093	)		US$	283,616
Non-current interest - bearing loans and borrowings			432,776			261,667				—			(146,655	)			(484	)			(20,942	)			526,362
Total liabilities from financing activities		US$	653,065		US$	177,153			US$	6,496		US$	—			US$	(701	)		US$	(26,035	)		US$	809,978

(1)

This balance is net of interest provisions and interest effectively paid as of December 31, 2025 and 2024, respectively.