It's a pretty decent replica of this pattern. The knots are sometimes found on parawings but also on the lightbulb badge.
I know who made these, a friend of mine called Trevor Bate. He used to trade as "Airborne Militaria". He had them done in India about 15 to 18 years ago. They sold for £1.50 trade price. Retail £3.50 He sold them as copies. I bought a pair for re-enactment use. The backing was made from a badly mothed pair of wartime BD trousers which he cut up. Many well known dealers bought them and passed them as "real". You could go to a show and see Trev's stall and further down the line the same wings via some of the London dealers for £20.....He used to have all kinds of cloth and metal insignia made.
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Wow, that's detailed information indeed.
Thank you very much Luc and Adrian!
I'm in Normandy at the moment.
Visited Pegasus Bridge yesterday and today I'm heading for Ste-Mère-Eglise.