http://www.cnet.com/news/powerup-drone-lets-you-fly-like-paper-get-high-like-planes-ces-2016

At just 2 ounces (well under the 8-ounce FAA limit), the PowerUp
is made from heavy-duty paper, with a rod that runs down the centre, connecting
the propellers at the back to the motor at the front. Connect it to your
smartphone via Wi-Fi and you can launch the plane with the swipe of a finger and
pilot it by moving your phone from side to side.

https://www.kickstarter.com/projects/393053146/powerup-fpv-live-streaming-paper-airplane-drone?ref=nav_search