Despite what the title suggests, no. The 2014 Chevrolet Camaro Z/28 does not sprout wings and soar into skies like Cirrus airplane. But it does feature an algorithm integrated with its Performance Traction Management (PTM) system that senses when the wheels lift off the ground.
When this happens, the PTM system maintains torque delivery to the rear wheels, unlike other traction systems that heavily cut the torque when a car goes airborne. In the video below, 2014 Camaro Z/28 performance engineer Bill Wise says that the algorithm saves up to five seconds around the Nürburgring.