At long last, the long-delayed A380 has finally made its first commercial flight—over 18 months behind schedule but still early enough to meet the conditions of our PPX proposition. A380FLIES has been delisted and paid out at POP$100 per share.
Personally I was skeptical, but the market was leaning toward success all along, with the proposition trading above $80 for the last few months. It closed at POP$99.75—doesn’t get much more certain than that!
Above is a video of the historic touchdown in Sydney, courtesy of the UK’s Telegraph. —John Mahoney