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The Collaborative International Dictionary
Highflying

Highflying \High"fly`ing\, a.

  1. Extravagant in opinions or ambition. ``Highflying, arbitrary kings.''
    --Dryden.

  2. Flying at a high altitude; -- of airplanes.

  3. Having an excessively high cost or perceived value; temporarily very successful; -- of objects with respect to a market and people in their occupations; as, highflying internet stocks; highflying executives moving between companies.

Wiktionary
highflying

a. Characteristic of a highflier alt. Characteristic of a highflier

WordNet
highflying
  1. adj. moving upward or along at a considerable height; "some highflying fighter pilot fired a cannon shell into it" [syn: highflying(a)]

  2. extravagant or ambitious or extreme in aims or opinions; "they did not understand what had happend at the once highflying company" [syn: highflying(a)]

Usage examples of "highflying".

You highflying, bog-trotting Irish will find out who’s running things around here when you get sold out for taxes.

One display presented the view from a highflying drone, and showed as a tiny pattern of slowly moving dots on the computer-generated, false-color landscape the group of approaching Taloid riders, now less than two miles away, that had been selected as first contacts—partly because of their small number, and partly because of the isolated surroundings, which it was felt would minimize possible complications.