Macchi M.39T OH-AAB, as flown by Finnish Air Force officer and athlete Väinö Bremer, at the Copenhagen - Lund - Helsingborg - Copenhagen Air Race in July 1928. The contest route was half over Denmark and half over Sweden. Foggy weather over Helsingborg made navigation difficult, and Bremer missed the turning point, losing enough time to leave him in third place.

Bremer had purchased the aircraft from Italy shortly after Major de Bernardi won the 1926 Gordon Bennett Trophy with an almost identical Macchi racer.
For more details on de Bernardi's Macchi, see:
http://beyondthesprues.com/Forum/index.php?topic=2970.msg52990#msg52990