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On the sign:
סמל העיר תל אביב יפו יעקב חפץ ניסיונות התעופה הראשונים מס’ 3 1989 פלדה צבועה נתרם על ידי משולם ריקליס, ניו יורק
Yaacov Hefetz The First Experiments in Flight No. 3 1989 Painted steel Donated by Meshulam Riklis, New York
About the Sculpture : The statue mainly relates to the legend of Icarus aviation experience, who fled his prison with feathered wings and found his death when he got too close to the sun