Pallas Air agrees early termination of Rajamaankuja 6 lease, cutting monthly facility costs to EUR 5,600
Bitget2026/10/06 11:47Pallas Air will terminate early a 10-year lease for Rajamaankuja 6 premises on Oct. 31, 2026. Monthly facility costs are set to drop to 5,600 euros from 21,600 euros. Estimated savings of at least 1.3 million euros over the remaining seven-year lease term, excluding one-off items. Deal includes a 120,000-euro termination fee, a 395,000-euro impairment charge, and payment of 554,000 euros in overdue rent. Rentto Oy keeps a 150,000-euro withheld purchase-price amount from a 2023 property share deal, releasing Pallas Air from related repair liabilities. 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 October 06, 2026, and is solely responsible for the information contained therein.
- Pallas Air will terminate early a 10-year lease for Rajamaankuja 6 premises on Oct. 31, 2026.
- Monthly facility costs are set to drop to 5,600 euros from 21,600 euros.
- Estimated savings of at least 1.3 million euros over the remaining seven-year lease term, excluding one-off items.
- Deal includes a 120,000-euro termination fee, a 395,000-euro impairment charge, and payment of 554,000 euros in overdue rent.
- Rentto Oy keeps a 150,000-euro withheld purchase-price amount from a 2023 property share deal, releasing Pallas Air from related repair liabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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