Odd Airplane Carried Arrow Surface to ID ?

[hesham]

Hi,

I found this weird airplane carried an upper arrow surface,the written is not clear,
and I can't read the name of the designer ?.

http://www.avia-it.com/act/biblioteca/periodici/PDF%20Riviste/Ala%20d'Italia/L'ALA%20D'ITALIA%201929%2009.pdf

 

[hesham]

I can see only, Freccia ?.

 

[hesham]

Still mystery.