The paper presents a new model for determining the accurate and reliable flight speed of an aircraft based on navigation data from the three independent Global Navigation Satellite System (GNSS) receivers. The GNSS devices were mounted on-board of a Cessna 172 aircraft during a training flight in south-eastern Poland. The speed parameter was determined as the resultant value based on individual components from 3 independent solutions of the motion model. In addition, the standard deviation of the determined flight speed values for the Cessna 172 aircraft was determined in the paper. The resultant on-ground and flight speed of the Cessna 172 aircraft ranged from 0.23 m/s to 74.81 m/s, while the standard deviation of the determined speed values varied from 0.01 m/s to 1.07 m/s. In addition, the accuracy of research method equals to -0.46 m/s to +0.61 m/s, in respect to the RTK-OTF solution. The RMS parameter as an accuracy term amounts to 0.07 m/s for the presented research method.