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https://www.google.com/patents/US3698121

Gerald Nordeen’s “fishing apparatus,” patented in 1972, eliminates all the tedious fighting that goes with a conventional rod and reel. When he gets a bite, the fisherman simply opens a valve in the rod handle and pressurized gas runs through the hollow fishing line to inflate a balloon attached to the float.

“Due to the lift of the balloon the entire float assembly will be lifted out of the water and into the air, urging the catch, if one is on the hook, toward the top of the water. The fisherman may then reel in his catch.”