The scale is:

This means that every 1/4 inch in the scale model represents 2 feet of the real plane.
The real length of the plane is:

To solve this problem is useful to take the scale:

And find how many inches represent just 1 foot. We can find this by dividing both sides by 2:

Now that we know that 1 foot represents 1/8 inches, the last step is to multiply 40 feet by 1/8 and we will find the length of the plane in the scale model:

Answer: the length in the scale model is 5 inches.