The plane height of the paper as a function of time is given by:

Where,
g: acceleration of gravity
t: time
vo: initial speed of the paper plane
me: initial height of the paper plane
Therefore, because the height of the plane as a function of time has a parabolic trajectory, then this is an example of a projectile movement.
Answer:
this is an example of projectile motion because height as a function of time has a parabolic trajectory:
