

At a National Air Race show, Hawke and Dominic befriend an attractive pilot racer, unaware that she's being pursued by her boss and his henchmen after stealing some tapes that can prove that a new combat jet is too unstable to be flown – something that her boss is determined to cover up at any cost...
Hawke takes a seemingly luxurious Santini Air job, piloting and accompanying a beautiful, high-flying business woman for a few days, but ends up duped into being hypnotised in an elaborate plot by master criminal John Bradford Horn. Horn has desire to take over a small country as his own, and intends to have the hypnotised Hawke deliver Airwolf to him so he can use the chopper's fierce fire-power to succeed in his goal...
Hawke is at a friend's prestigious ceremony when Archangel pulls him out and accuses him of being involved in a robbery the previous night in which items that could be used by Airwolf were stolen by thieves in a helicopter matching the Santini Air chopper. But Archangel is suspended by the Firm, who've built a new model of Airwolf – Airwolf II, called 'Redwolf', and piloted by Harlan ""Tex"" Jenkins, who worked on the original Airwolf project and has always insisted that he, not Dr. Moffett, was the true creator. But things backfire for the Firm when Jenkins steals Airwolf II - and before he hands it over to the foreign agents he's in league with, he plans a showdown with his old rival – Stringfellow Hawke; a duel that brings Airwolf vs. Airwolf...