The FAI Gold Air Medal was established in 1924 by the Fédération Aéronautique Internationale and was first awarded in 1925. This award and the Paul Tissander Diploma are the FAI's two highest awards. It is reserved for those who have contributed greatly to the development of aeronautics by their activities, work, achievements, initiative or devotion to the cause of aviation.
References
FAI Gold Air Medal Wikipedia(Text) CC BY-SA