Controladora is sponsored in equal share by Discovery Air Investments, L.P.; Blue Sky Investments, LLC; Sinca Inbursa, S.A. de C.V.; and Corporativa Vasco de Quiroga, S.A. de C.V.

The IFC investment is an IFC revolving credit line of $30 million for the financing of pre delivery payments of 16 Airbus A319 aircraft and a $10 million loan to Controladora with the company as guarantor.

40.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	40.0
Equity

* These investment figures are indicative

Vuela will be operating out of Aeropuerto Internacional de Toluca, located about 50 km from Mexico City.

Vuela will have substantial development impact, as it will provide substantially discounted fares in a market historically marked by limited competition and high fares. This will stimulate demand and make air transportation accessible for a larger share of the Mexican population, promote connectivity, and economic growth. It will also help promote Aeropuerto Internacional de Toluca as a secondary airport for Mexico City, and thereby aid the city’s development, as Aeropuerto Internacional de la Ciudad de Mexico is becoming increasingly congested.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result, which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental /social information submitted by the project sponsor. The following potential environment, health and safety impacts of the project were analyzed.

- Flight operations safety and security;
- Maintenance-related hazardous materials, effluents, and waste management;
- Dangerous cargo handling;
- Aircraft noise and emissions control; and
- Employee health and safety, including workplace exposure to chemicals.

Vuela has presented plans to address these impacts to ensure that the proposed project will, upon implementation of the specific agreed measures, operate in accordance with industry standards and comply with applicable Mexican laws and regulations and IFC environment and social requirements.
Location of environmental documents In locally affected community
Environmental documentation will be made available at the following location:

Concesionaria Vuela Compañia de Aviación, S.A de C.V.
Paseo de la Reforma 505 piso 15
Edif. Torre Mayor, Col. Cuauhtémoc
Mexico, DF 06500