From the Super Mario Wiki
The Paraglider (known as the Parafoil in Europe and Australia) is an unlockable glider part in Mario Kart 7. It offers an acceleration boost, while hindering weight, but like all the other gliders, it allows karts to go airborne for a brief time period. It also has the same stats as the Flower Glider, Peach Parasol, and the Swooper.
In Mario Kart 8, the Paraglider is known as the Parafoil. It offers identical stats to its counterpart in Mario Kart 7. The colors of the glider are slightly different however: it features a white center with yellow, pink, and blue colors and it lacks the Emblem of the driver. Unlike Mario Kart 7, it is available from the start.
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