New to me too Tater. I didn't know there was a "Luftwaffe fraktur" until Standard Modell brought it up and I Googled it.
The name is fraktur or german fraktur. Names like "Luftwaffe" are modern true type fonts. "Luftwaffe" smells a little bit like Nazi, but you should know, the Nazis went to latin script in order to rule the world. The new true type fonts looks similar to the old script, but they are not the same.
For example, when you look at the Sütterlin handscript you find out, there are 3 kind of "S", one big "S" and 2 small "s", the long "s" in the middle of the words and the rounded "s" only at the end. In some fonts you find the long "s" as special character, but in "Luftwaffe" the letter is missing.