A flying toy is provided in which a flying object on a model having an optional character can be caused to freely ascend/descend or hover by remote control. The flying toy comprises: a flying object which replicates a model having a character; an upper rotor and a lower rotor which are provided on the top of the flying object and which concentrically rotate in directions opposite from each other; a stabilizer which rotates in conjunction with at least one of the rotors and which stabilizes a posture; a driver which is provided inside the flying object and which rotates the upper rotor, the lower rotor and the stabilizer; a control circuit for remote control to control an operation of the driver and a battery to serve as a power source which are provided inside the flying object.