High-flying (from "fly high"?)

Hello,

My Brightest Diamond (Tuesday) This fanciful baroque-pop project of local musician Shara Worden transfers its classical gas to a new score for “The Balloonatic,” a high-flying film by the silent comedian Buster Keaton. The romantic reverberations of her excellent last album, “All Things Will Unwind” (Asthmatic Kitty), should translate sweetly. With Keller Williams and Rehooker. Part of the New York Guitar Festival. At 7:30 p.m., Merkin Concert Hall, 129 West 67th Street, (212) 501-3330, kaufman-center.org; $25. (Anderson)
(NYT: Pop and Rock Listings for Jan. 13-19. Published in January 12, 2012)
http://www.nytimes.com/2012/01/13/arts/music/pop-and-rock-listings-for-jan-13-19.html?pagewanted=all

Is "high-flying" related to (or derived from) the idiom "fly high (to be successful)"?

Thank you for helping me out.