It's in the Air (1935)

Calvin Churchill, a confidence-man, and his sidekick/stooge, "Clip" McGurk, are being pursued by an Internal Revenue agent, Henry Potke, for their failure to file an income-tax on the advice of a shyster lawyer. They are hiding out at the Desert Springs Hotel-Resort, where Calvin is working a scam by posing as a stratosphere-flyer who is looking at making Desert Springs the base of his operations. A rich airplane manufacturer sees a chance to get rid of a stratosphere balloon that he built for an unsuccessful expedition at a great loss. Calvin intends to take the money and run but his estranged wife, Alice, now a tennis instructor at the resort promises to come back to him if he will reform. Alas, reformation does not come easy for Calvin, especially when "Clip" is around, and Henry is closing in.