blue ring is already there at 00:30 and the sky rotates faster than the ground.
Not sure if both are bugs or one is a feature, but the F4 chase view for the G10 and A5 are offset to the side, this looks like the other odd bit that is a bug for sure: the view in the "set convergence" position in the hangar is not usable. It's too far, to the side and the guns convergence lines disappear when set above 400 (depends on the plane), and the distance tooltips disappear almost right away if not always for some planes.
This view also defaults looking away from the plane when first pressed, and goes to the above paragraph's described pov when F1 pressed.