A test animation rendered in LightWave with a camera parented to the X-Wing model.

camtarget

Credit goes to the 3D model of Millenium Falcon; Andy Crook, “Bombshell Betty” X-Wing Variant; Tony Bruno.

I added jet exhaust flare to the X-Wing using distant light with volumetric lighting enabled with many experimentation to create that kind of light, and strange that there’s no lattice tool unless you buy a 3rd party plugins (Blender, Maya, and Modo have it), then I exclude objects to disable the distant light coming from the X-Wing’s exhaust pipe;

exclude

Added star field, enabled the lens flare, glow, motion blur, 3 light setting, and disabled radiosity for fast rendering.

See the sample animation: