This figure and it's Batman counterpart might be some of the strangest figures of the Batman & Robin toyline. Rather than have a figure and a backpack, this one fuses the figure permanently into a mini plane. In fact, on closer inspection, you only get a head and torso.
As a kid I probably would have hated this and tried to pull the vehicle apart but as an adult I find it kind of novel. Kenner were trying to find new ways to make their action figures stand out and I can't blame them for that. Particularly when your toy line has over 40 figures!
One interesting note is that the figures are actually pretty accurate to the look and colours of the ice suits in that are used at the end of the movie (the Guardians of Gotham 2 pack are also pretty close).