Oh heck yeah I remember that thing. I also had some of the foam F-15's and some other jets that you could launch off of slingshot type things. You could set the wings in place and I think it was called "1975 Mattle Model#9375, Attack Carrier Flag Ship w/2 flying ace planes"...got that off another board just a minute ago. http://www.megomuseum.com/community/showthread.php?t=7192
I had tons of airplanes that launched off the carriers too. I wonder if my parents still have that thing in the shop??? They kept all kinds of junk from that time when I was a kid.
no, it wasn't hand held, it was too large to hold.
I just saw on a toy bbs that mattel made hand held, and a larger carrier.
and the F4U that I remember was light blue...
crud, now I gota find it.
(edit: FOUND IT! Flying Aces Carrier! Woot!)