Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 United Republic of by adding on reverse belt

by adding on reverse belt clasp)

while the right side has a central interlocking tab illustrating a lion standing upon the Victorian crown

maker marked with the Fox "F" within an oval and surmounting an "X" insignia on the reverse

Measuring 211 mm (w) x 295 mm (h)

matching the shoulder boards

Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 United Republic of by adding on reverse beltAn extremely well preserved Blue Squadron (Patrulla Azul) unit pennant, constructed of a white wool base, the obverse bearing an elaborated multi piece insignia consisting of a central white wool disc, overlaid by a Blue Squadron insignia in the form of three diving eagles above an inscription of VISTA, SUERTE Y AL TORO (colloquially translating to WATCH OUT, HAVE LUCK, AND GO FOR THE BULL), on top of double overlaid crosses, and within a green laurel