1939 National Air Races souvenir pennant from Cleveland, Ohio, measuring approximately 14 inches long. Red felt features two racing airplanes, a checkered pylon and the winged National Air Races emblem, with yellow sewn binding and four attached ties. Reverse is blank, and the pointed tip is intact. Shows scattered soiling, dark spotting on the yellow binding, light surface wear and creasing to the ties; see photographs for condition.  Shows scattered soiling, dark spotting on the yellow binding, light surface wear and creasing to the ties with a couple of staples in ties. See photographs for condition.  14" long not including the ties.