Here is an airline issue label from C.G.A (Compagnie Generale Aeropostale). Same design as FRA-B-10 but lettering modified ("P"). Some labels come with overprints of doubtful origin. Size: 119x34mm.
Aéropostale (formally, Compagnie générale aéropostale) was a pioneering aviation company. It was founded in 1918 in Toulouse, France, as Société des lignes Latécoère, also known as Lignes Aeriennes Latécoère or simply the "Line". (Wikipedia).
Year: 1932, Ungummed. Günter Mair's catalogue no: - FRA-B-11, imperforated, Carmine/Blue/White,