Airmail cover franked with single 1929 10c brown AIR issue (SG 460) tied by LATACUNGA cds dated FEB 28 1932 with multicoloured airmail label alongside. Flown on the Latacunga - Guayaquil first flight with illustrated first flight cachet in black and 'Avion Ecuador' & 'Latacunga - Guayaquil' handstamps in violet all on front. Addressed to GUAYAQUIL with arrival cds on reverse. A scarcer flight. (Muller #88, 352 covers flown)