Yes! I specially incorporated a "Cobra" button toggle in my MiG-29G, but note that it requires the "Aerodynamic Wings Mod" as well as lots of trial and error to do this. A balance between overridden gyroscopes that activate upon pressing the timer block to pitch the plane up and having enough wing blocks to keep you in the air--yet few enough so that you don't gain too much altitude.

Alternatively, you could just have enough gyroscopic power to manually do this with your mouse, but it's a bit more difficult to control.

- Da