TLDR: no

The short answer is planes can't hover because they need air flowing over their wings to fly. If they were to have zero ground speed they would immediately crash.

To achieve what's called a Geo-synchronous orbit (where the GPS satellites are), meaning that you are hovering directly above a specific spot and stay there, you actually need to go very high into space and speed up a lot to get there and stay there. It has to do with orbital mechanics, and outside the scope of this ELI5.

The long answer is that you have to factor in is momentum.

The reason we have a hard time conceptualizing this is because humans don't feel how fast we are moving, we feel acceleration and deceleration. That's why when a car or a plane gets up to speed you feel the same as if you are standing still. You only feel it when the vehicle is speeding up or slowing down.

You sitting still is actually moving around at around 1000mph because that's the speed the Earth is turning. You are also moving at around 30km per sec because that's how fast the Earth orbits the sun, etc etc

That's why we have to speak in relative terms. You sitting still means you aren't moving relative to the Earth spinning, because everything you are comparing yourself against in terms of movement is also spinning around at 1000mph.

If you were to suddenly remove all the momentum an object has relative to the Earth, the Sun, the Galaxy, etc it would go flying off into space at several thousand meters per second... because everything else would fly away from it in an instant.

If you really want to blow your mind, The Earth is rotating from West to East, so when you move East you are moving the speed you are walking + the rotation of the Earth. But when you are moving West you are moving the speed of the Earths Rotation minus you walking speed. So a person walking due West is moving slower than a person sitting still. It's all relative to how you measure it.