Back of the postcard. Some of the wording is not readable. It looks like the postcard was sent to a woman, Miss Stewart of California, from Paul Smith.
The black and white view of members of the Aeronautical Association awaiting the arrival of Howard Hughes and his Lockheed 12 aircraft at the Floyd Bennett Airport in New York. Typed onto a piece of paper attached to the image: "Official timers of Aeronautical Association compare their precision chronometers as Lockheed-14 roars overhead, marking end of Round-the-World flight at Floyd Bennett Airport." Typed onto a second piece of paper also attached to the image: "Official timers of the Aeronautical Association shown at Floyd Bennett Field comparing their precision chronometers as Howard Hughes' plane roared overhead marking the end of his Flight Around The World. July 1938."
Howard Hughes taking off in the Lockheed 14 aircraft. Typed on a piece of paper attached to the image: "Howard Hughes' plane taking off from Union Air Terminal July 3, 1938, on first left of round-the-world flight. Released for personal use only. Not to be reprinted or employed commercially without the permission of the undersigned. L. A. Times New Bureau."
Description printed on photograph's accompanying strip of paper: "Checking damages of plane on arrival at Le Bourget. Le Bourget-- The thoroughness with which he planned the flight and carried it through was still with Howard Hughes when the millionaire flyer and his four companions arrived at Le Bourget, after a record smashing flight across the Atlantic. Hughes is shown here, examining the tail of his plane, just after landing, The tail was damaged slightly. After repairs were made, the fliers took off for Moscow."