How do I make a script pause while in midair?

I made this script for a model that the player is supposed to be able to ride, however, I don't know if this is the most efficient way.

while true do
	script.Parent.Velocity = script.Parent.CFrame.lookVector*28
	wait(0.2)
end

Right now the movement works fine, but when in midair, it still preforms the script, so it just does flips. I would like the script to stop while in midair, but continue in the same direction at the same speed so that it behaves like a normal moving object would in real life.