Mattel's Flying Aces were an elaborate take on the paper airplane, the planes were made of soft foam and the flight deck served as a launcher. Those who had it or the Battlestar Galactica version have mentioned that the planes had a short life but were fun nonetheless.
In 1978, the line was three years old and appeared to be going strong.
You can see it all at the 1978 Mattel Flying Aces Page
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