Every time a pilot was exiting a jet or plane, the hull would read "LTCOL M. C. ALBO" with the call-sign "DOGFOOD" underneath.
There was a complete cast change from season 1 to season 2 with no explanation given. The last episode ended on a cliffhanger and no mention of season 1 or it's characters was given in further seasons.
The US Navy Fighter Weapons School (a.k.a. Topgun) still exists, but moved from San Diego, California to Fallon, Nevada in 1996. It also now includes air-to-ground training as well, and is more of a general combat training program than an air-to-air dogfighting school.
Sandra Hess and Kristanna Loken appeared in separate Mortal Kombat project, Hess played Sonya Blade in Mortal Kombat 2 - Annihilation (1997) and Loken played Taja in Mortal Kombat: Conquest (1998).