This is a clone of Sky Roads, but a very nice clone indeed. Graphics are the usual fare for that era, though the control is very good, and track design can be very surprising, with areas that are seemingly impossible to traverse. The game also had an unusual feature of putting a custom face texture on a model, and ability to move around ghosts of the players best times (to be shared with others, to compete in a sort of asymmetric multiplayer).
I think I still have the CD somewhere.