|Series A||Series B||Total|
|Funds Managed by Indigo Partners||169,380,930||15.28%||43,194,749||75.10%||212,574,679||18.23%|
|Blue Sky Investments||85,739,880||7.74%||14,319,124||24.90%||100,059,004||8.58%|
|Teewinot Capital Advisers LLC||61,288,820||5.53%||–||0.00%||61,288,820||5.26%|
(1) Each ADS represents ten CPOs and each CPO represents a financial interest in one Series A share. Non-Mexican investors in the ADSs may not directly hold the underlying Series A shares, but may hold them only indirectly through CPOs issued and released by a Mexican bank as trustee under the CPO trust or ADSs evidencing CPOs.
(2) Volaris does not have a control group.
Source: 13F and Bloomberg.
Note: As of December 2022.