peripeteia n.

word-forming element in words of Greek origin or formation meaning "around, about, enclosing," from Greek peri (prep.) "around, about, beyond," cognate with Sanskrit pari "around, about, through," Latin per, from PIE root *per- (1) "forward," hence "in front of, before, first, chief, toward, near, around, against." Equivalent in sense to Latin circum-.

Also petə-, Proto-Indo-European root meaning "to rush, to fly." 

It forms all or part of: accipiter; appetence; appetite; apterous; apteryx; archaeopteryx; asymptote; centripetal; Coleoptera; compete; competent; eurypterid; feather; helicopter; hippopotamus; Hymenoptera; impetigo; impetuous; impetus; iopterous; Lepidoptera; ornithopter; panache; panne; pen (n.1) "writing implement;" pennon; peripeteia; perpetual; perpetuity; petition; petulance; petulant; pin; pinion; pinnacle; pinnate; pinniped; potamo-; potamology; propitiation; propitious; ptero-; pterodactyl; ptomaine; ptosis; repeat; symptom.

It is the hypothetical source of/evidence for its existence is provided by: Sanskrit pattram "wing, feather, leaf," patara- "flying, fleeting;" Hittite pittar "wing;" Greek piptein "to fall," potamos "river, rushing water," pteron, pteryx "feather, wing," ptilon "soft feathers, down, plume;" Latin petere "to attack, assail; seek, strive after; ask for, beg; demand, require," penna "feather, wing;" Old Norse fjöðr, Old English feðer "feather;" Old Church Slavonic pero "feather;" Old Welsh eterin "bird."