The actual pilot for William Boyd's plane in this film was pioneer woman aviator Pancho Barnes (portrayed in The Right Stuff by Kim Stanley).
This film's earliest documented telecast took place in New York City Sunday 30 April 1950 on WPIX (Channel 11).
This is listed as a silent film but the version on Youtube has sound and the actors speaking.
The Flying Fool is a 1929 a film produced and distributed by Pathé Exchange, It was released as both a silent film and sound film.
Aviation film historian James Farmer in Celluloid Wings: The Impact of Movies on Aviation (1984) wrote that The Flying Fool is an example of a film that benefited from "... excellent aerial sequences".