Cloth Version (Stoffausführung) of the Luftwaffe Combined Pilot-Observer Badge (Gemeinsames Flugzeugführer- u. Beobachterabzeichen). The Combined Pilot-Observer's badge was officially instituted by 'Hermann Göring' on 19 January 1935. The badge was to be awarded to personnel who qualified as both pilot and observer. The badge is nicely machine-embroiderd on Luftwaffe grey wool. There is some minor moth-damaged. Nice example in good condition!