The Parachute Pack is treasure that can be obtained in Sly Cooper: Age of Thieves in the episode In the Air Tonight. It is worth 226 coins and the time needed to reach the safehouse is twenty-seven seconds.
"Whenever something serious happens to a plane in the air, all the pilot needs to do is use one of these babies to get themselves out of trouble. Just make sure there are no holes in the parachute, though. But given the monkey labeled on the pack, it's a sure thing that this parachute is of the best quality possible."
It is located on a high tower that someone must to in order to reach. Only when Sly uses his paraglider can he reach this treasure.