Cambridgeshire Police said that the man who died was in his early 50s. The other man is in his 20s.
The Peterborough Telegraph newspaper said the dead man was 53 and from London while the survivor is 28 and from France.
They reportedly collided about 50 feet above the ground.
More top news
Multiple explosions in a park in a Japanese city have left at least one person dead and three injured.
A man said to be armed with dangerous articles remains inside an address in west London.
Time Warner owns the Warner Bros movie studio, responsible for franchises such as Harry Potter and Batman.