It's less advantageous than it is for a car. For one, the difference between maximum power and cruise power is far lower in a typical light airplane than it is in a typical car. A Prius might max out at 130hp but cruise at 25hp. A light airplane often cruises at around 75% of maximum power. Another problem is that the hybrid powertrain adds significant weight, which hurts efficiency much more in airplanes than it does in cars. I don't think these kill the advantages entirely, but it's probably why it's not as far along in airplanes as it is in cars.