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[[ commemorative envelope - postage stamp has apparently been removed]]

[[preprinted]]
[[image - banner reading "FORTIETH ANNIVERSARY 1912 - APRIL 21 - 1952"]]
FIRST AEROPLANE FLIGHT ON THE ISTHMUS
CLARENCE A. deGIERS
[[image - two airplanes over outline of Panama with the word "PANAMA" inside the outline]]
Sponsored by
JACK KNIGHT AIRMAIL SOCIETY
THE EARLY BIRDS
PAN AMERICAN WORLD AIRWAYS
COMMEMORATIVE FLIGHT [[logo - PAA]] PANAMA CITY TO MIAMI

[[box]]
CORREO AEREO PANAMA-MIAMI AIR MAIL
VIA [[logo - PAA]] PAN AMERICAN WORLD AIRWAYS
40o ANIVERSARIO
40th ANNIVERSARY
C.A. deGIERS
VUELO EN PANAMA
PANAMA FLIGHT
[[/box]]
[[/preprinted]]

[[stamp - postmark reading "DESPAGNA EXTERIOR PANAMA APR 21 1952"]]

Brig. Gen. T. D. Milling
3700 Massachusetts Avenue N.W.
Washington 16, D.C.

[[stamp]]CO-SPONSOR
STAR and HERALD[[/stamp]]

[[stamp]]CO-SPONSOR
1912 [[coat of arms]] 1952
REPUBLICÁ de PANAMÁ[[stamp]]

[[stamp]] [[?]]R 26 1964