The lady in question is the late Marjorie Stinson.
Before anyone posts any further smart ar$e comments about her, see
Katherine & Marjorie Stinson, Pioneer Aviatrices
But who was the babe in the 'Lightning Farewell' picture? And yes, I've still got an original, as well as a 'Phantom Pharewell' logbook calendar which features another curvy little lady....