So I went back and tweaked the Up-Diagonal animation I had for the flying. I wasn't completely happy with the angle he was pointed in before and decided to tweak that a bit. Plus I added the one arm out to maximize coolness. The transition animation between this and the Up animation will have him lifting and lowering the second arm.
I'm noticing now that the player is not turning as fast as I would like in Fast Flight Mode (terrible title. must change.) so a little adjusting of the 8-Way movement variables in Construct 2 are definitely in order. I'll hopefully get to that soon.