Actually, some modelers may not know this, but in the collector market, aircraft are well represented by carved wooden models. A major toy soldier manufacturer, King & Country, has a series of WWII aircraft called Warbirds, whose models are made of mahogany.
And as far as carving goes, there's a subject that I want to build in 1/48, and there's no plastic kit available. I thought about vacuforming it, but I've never vacuformed anything, and I'd have to assemble the necessary tools to do it. I've been thinking about carving the major components, instead. I mean, vacuforming would probably mean making wooden masters, anyway, so why not just carve it, instead.
So, sure, why not? Please, let us see your work!
Regards,
Brad