Indulge in free fall as part of risky diversion (7)

I believe the answer is:

skydive

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'indulge in free fall' is the definition.
I can't judge whether this defines the answer.

'part of risky diversion' is the wordplay.
'part of' says the answer is hidden in the clue.
'SKYDIVE' is hidden in the letters of 'risky diversion'.

'as' is the link.

Can you help me to learn more?

(Other definitions for skydive that I've seen before include "Parachute" , "Jump from aircraft" .)

I've seen this clue in The Guardian.

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