As with probably every licensed product Remco made in the 1960s (with the exception of the Doctor Doolittle Ugly Mugly Projector, but I digress), this flying Batcopter seems to be an item they were already producing, with some new stickers put on it... once the Batman license ran out, they could just continue selling it as a flying helicopter!
Speaking of the Ugly Mugly Projector, that product was intended to compete with Kenner's Give-A-Show Projector, much like the Marx Picture Pistol from 1966 was! This is probably the reason it was the late 1970s or early 1980s before Batman would appear in a Give-A-Show Projector set!
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