Emergency services were called to Polich Road in Mena Creek, south-west of Innisfail, about 5.40pm yesterday.
They arrived to find the man, from Utchee Creek, with serious and multiple leg injuries.
A Queensland Ambulance spokesperson said he had fallen about 20 metres from a motorised parachute.
The man was en route to Cairns Hospital when he died.
Police will prepare a report for the coroner as they investigate the circumstances around the aviation incident.

