A toy flying aircraft has a fuselage defining a central vertical longitudinal plane, with an upper front portion and a lower rear portion. The upper front and lower rear portions are coupled by a vertical support angling forward and upward from a front upper side of the rear portion to a lower rear side of the front portion. The aircraft has an at least generally circular and horizontally planar wing intersecting the front portion of the fuselage. A forward half of the wing defines an upper horizontal plane generally perpendicular to the central vertical longitudinal plane, and a rear half of the wing is downwardly offset from the upper horizontal plane to define a lift surface. A generally V-shaped planar rear stabilizer is bisected and supported by the rear portion of the fuselage so as to be located vertically entirely below the wing.