Jet Squadron (lost SEGA Arcade game; 2000)
From The Lost Media Wiki
Jet Squadron was a cancelled Sega AM3 game that was shown at the AOU Amusement Expo in 2000. It was mean't to be the third game in the Gunblade Series, and was the successor to both Gunblade NY and LA Machineguns. The game would have had the traditional Gunblade gameplay, such as a dynamic camera angle, enemies with reactive AI, and aerial combat.
The game was cancelled after 2000 and never resurfaced for some reason.
The only evidence this game existed is a post on NeoGAF the website Arcade History and a section in the Arcade Database System 16.
Screenshots did exist at one point, but the websites that had them have since been lost.