Plot hole: Apart from the impressive pyrotechnics, what is the point of destroying the Blue Thunder helicopter? By far the most expensive, time consuming and technically complex part of producing any aircraft is the design and development phase - once the prototype is in the air production is relatively straightforward. The bad guys can make new Blue Thunders any time they like, and Murphy has destroyed the only evidence he has that there was a criminal conspiracy behind the whole programme - the 'videotape' he has of blurry, false coloured characters will convince nobody. Without the helicopter to back him up that tape is of no value to him.
Other mistake: Murphy lands the helicopter on a railway line so an oncoming train will destroy it completely, and this happens exactly on cue with huge, dramatic explosions and flying debris. Apparently the train driver doesn't think this is important enough to interrupt his busy schedule - he doesn't stop the train. We do not hear brakes being applied - the wheels would make a noise like the sky coming down - and the train doesn't slow down at all - it just keeps on going.
Trivia: The registration number N77GH is visible on a gold placard on right surveillance camera' but only civilian aircraft are given November numbers. Military helicopters only have a series of numbers like on the tail. You aren't supposed to notice Blue Thunder's real "N" number, but it is there throughout the movie making it known it was truly a civilian helicopter.
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