Pallas Air unit Lifa Air launches bid to reverse HKD 22.9 million debt entries tied to ex-CEO

• Pallas Air’s wholly owned unit Lifa Air Limited launched a process to dispute or reverse HKD 22.9 million in recorded debts.
• The liabilities were booked in favor of former CEO Vesa Mäkipää, tied to intellectual property the unit says belonged to Lifa Air.
• Final scope of any write-backs, cancellations, or accounting adjustments will be set during legal review and audit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pallas Air Oyj published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.