Volaris announces resolutions of extraordinary shareholders meeting

September 22, 2020

Mexico City, Mexico. September 21, 2020 – Volaris* (NYSE: VLRS and BMV: VOLAR), announces the resolutions of the general extraordinary shareholders meeting held on September 18, 2020.

The general extraordinary shareholders meeting of the Company authorized a capital increase of up to MXN3.5 billion Mexican pesos to strengthen its capital position and take advantage of potential growth opportunities.

Volaris is evaluating different financing alternatives and has obtained shareholder approval for the issuance of new shares that can be used to raise capital, through a rights offering, the outright sale of shares, or the issuance of debt/convertible debentures in Mexico, the United States of America and other countries. Any such offering could be carried out individually or in conjunction with other transactions. The determination of the final terms and conditions of any such offering were delegated to the Board of Directors and will be based on the prevailing market conditions at the time of such offering.

Volaris is grateful to its shareholders for their support. The company's goal is to obtain the most cost-effective financing structure that delivers both strength to our balance sheet and reaffirms our long-term commitment to employees and shareholders

Volaris remains dedicated to embracing growth opportunities in current and new destinations. The Company considers the SARS-CoV-2 (COVID-19) crisis an opportunity to ramp up more quickly and strengthen its competitive position for the benefit of Volaris’ customers and shareholders.

A courtesy English translation of the shareholders’ meeting resolutions summary are attached as an exhibit.

The information included does not provide information on the company’s future performance. Volaris’ future performance depends on many factors and it cannot be inferred that any period’s performance or its comparison year over year will be an indicator of a similar performance in the future.

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 March 2006, Volaris has increased its routes from five to more than 142 and its fleet from four to 83 aircraft. Volaris offers more than 304 daily flight segments on routes that connect 41 cities in Mexico and 21 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: María Elena Rodríguez & Andrea González/ Investor Relations / ir@volaris.com / +52 55 5261 6444

Media contact: Gabriela Fernández / volaris@gcya.mx / +52 55 5246 0100