As Clark notes, here is a very nicely written piece on parabolic flight and weightlessness. Rare is the reporter (even science reporters) who get the physics right on this, because (as he points out) they get confused by the phrase “zero gravity,” which doesn’t really exist anywhere in the universe. Only one quibble:

Each period of ‘weightlessness’ is limited to half a minute or so; otherwise we ‘zeronauts’ would continue freefalling right into the Nevada desert at 600mph. As it is, during half-a-minute’s power- dive we drop nearly 20,000ft – although inside the plane we are completely unaware of this.

This gives the impression that weightlessness only occurs when you “drop” (i.e., descend in altitude). But it actually happens on the way up as well. In both cases, you are “falling” (in the sense that there is no force acting on you other than gravity). First you fall up, then hit the top of the trajectory, then fall down, weightless all the while, and unable to discern your direction of motion. If this seems counterintuitive, it is. But consider an elliptical orbit. As you approach perigee you’re heading down (toward the earth), and once you reach it, you start heading back up (away from the earth) to apogee, but you’re in orbit, and free fall the entire orbit. A parabola in an aircraft is an orbit that, if continued, would intersect the earth’s surface (which is why it is wise to not continue it). And of course, to be more technical yet, it is only parabolic in an approximate sense (assuming flat earth). In reality, it is a tiny section of an ellipse, because the contents of the aircraft are (briefly) in orbit, within the atmosphere.

I should also note that the phrase “power dive” is also misleading. “Power dive” implies that you are diving with engines at full thrust to get down as fast as possible, but in fact, the engines are barely running above idle throughout (until the pullout). Their only function is to overcome wind resistance so that the aircraft can approximate a cannon ball falling in vacuum.