Are you running any mods in the game?
Race
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Are you using the "Go To" function to get to each race gate? If so, that might be why, because your engine will cut out when you reach each one. To win the race, use Free Flight or Mouse Flight, and fly the course manually.
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Free flight will always get you to win. During the beginning of the last quater hovise "falls behind" allowing you to win the race with ease even throught he is still in front of you youll still win.