1959, from ultra- + light (adj.1). As a noun meaning "ultralight aircraft" it is recorded by 1979.
Entries linking to ultralight
ultra-
word-forming element meaning "beyond" (ultraviolet) or "extremely" (ultramodern), from Latin ultra- from ultra (adv. and prep.) "beyond, on the other side, on the farther side, past, over, across," from PIE *ol-tero-, suffixed form of root *al- "beyond." In common use from early 19c., it appears to have arisen from French political designations. As its own word, a noun meaning "extremist" of various stripes, it is first recorded 1817, from French ultra, shortening of ultra-royaliste "extreme royalist."
light adj.1
"not heavy, having little actual weight," from Old English leoht (West Saxon), leht (Anglian), "not heavy, light in weight; lightly constructed; easy to do, trifling; quick, agile," also of food, sleep, etc., from Proto-Germanic *lingkhtaz (source also of Old Norse lettr, Swedish lätt, Old Frisian, Middle Dutch licht, German leicht, Gothic leihts), from PIE root *legwh- "not heavy, having little weight." The adverb is Old English leohte, from the adjective.
Meaning "frivolous" is from early 13c.; that of "unchaste" from late 14c., both from the notion of "lacking moral gravity" (compare levity). Of literature from 1590s. Light industry (1919) makes use of relatively lightweight materials. The notion in make light of (1520s) is "unimportance." Alternative spelling lite, the darling of advertisers, is first recorded 1962. Light horse "light armed cavalry" is from 1530s. Light-skirts "woman of easy virtue" is attested from 1590s. Lighter-than-air (adj.) is from 1887.