AERO · Grupo Aeromexico, S.A.B. de C.V. · Insider Trading

The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's common shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar weighted average sale price per underlying common share, calculated by dividing the ADS sale price by ten. The sales were effected in multiple transactions at prices ranging from $1.577 to $1.597 per underlying common share, inclusive. The reporting person continues to own the same number of ADSs previously reported in Table II on prior Forms 4, which are not impacted by the sales reported in this Form 4.

Represents shares of common stock held by the reporting person, which are the economic equivalent of 126,253 American Depositary Shares (ADSs).

The reported transaction was effected in American Depositary Shares (ADSs), each representing 10 common shares.

The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $15.7500 to $15.8399, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The reported transaction was effected in American Depositary Shares (ADSs), each representing 10 common shares.

All 6,600 ADSs were purchased at a single price of $15.1499 per ADS.

The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's ordinary shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar sale price per underlying ordinary share, calculated by dividing the ADS sale price by ten. The reporting person continues to own the same number of ADSs reported in Table II in prior Form 4s, which are not impacted by the sales in this current Form 4.

Represents shares of common stock held by the reporting person, which are the economic equivalent of 161,813 American Depositary Shares (ADSs).

The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's ordinary shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar sale price per underlying ordinary share, calculated by dividing the ADS sale price by ten. The reporting person continues to own the same number of ADSs reported in Table II in prior Form 4s, which are not impacted by the sales in this current Form 4.

Represents shares of common stock held by the reporting person, which are the economic equivalent of 171,813 American Depositary Shares (ADSs).

The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's ordinary shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar sale price per underlying ordinary share, calculated by dividing the ADS sale price by ten. The reporting person continues to own the same number of ADSs reported in Table II in prior Form 4s, which are not impacted by the sales in this current Form 4.

Represents shares of common stock held by the reporting person, which are the economic equivalent of 216,813 American Depositary Shares (ADSs).

The reported sale was effected in American Depositary Shares (ADSs), each ADS representing ten common shares, following prior conversion of the reporting person's ordinary shares into ADSs. The number of securities reported in Table I reflects the common shares underlying the ADSs sold. The reported price reflects the U.S. dollar sale price per underlying ordinary share, calculated by dividing the ADS sale price by ten. The reporting person continues to own the same number of ADSs reported in Table II in prior Form 4s, which are not impacted by the sales in this current Form 4.

Represents shares of common stock held by the reporting person, which are the economic equivalent of 196,813 American Depositary Shares (ADSs).

The reported transaction was effected in American Depositary Shares (ADSs), each representing 10 common shares.

The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $12.855 to $12.925, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The reported transaction was effected in American Depositary Shares (ADSs), each representing 10 common shares.

The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $12.86 to $12.88, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The reported transaction was effected in American Depositary Shares (ADSs), each representing 10 common shares.

The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $12.86 to $12.88, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices (originally in Mexican pesos, and expressed here in U.S. dollars based on the foreign exchange rate published by Banxico on the date of purchase) ranging from $1.3026 to $1.3211, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Represents a transaction in shares of the issuer's common stock by the reporting person in Mexico. One share of common stock is the functional equivalent of one tenth of one American Depositary Share.

The shares were purchased by a vehicle co-owned by the reporting person and certain of his immediate family members, and whose investments the reporting person controls. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices (originally in Mexican pesos, and expressed here in U.S. dollars based on the foreign exchange rate published by Banxico on the date of purchase) ranging from $1.3026 to $1.3211, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Represents a transaction in shares of the issuer's common stock by the reporting person in Mexico. One share of common stock is the functional equivalent of one tenth of one American Depositary Share.

The reported transaction was effected in American Depositary Shares (ADSs), each representing 10 common shares.

The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $12.80 to $12.86, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.