After Burner 3 was released for the Sega CD in 1992 and in not a true After Burner sequel, but does retain some ties to the original two games. The game was a port of the arcade title Strike Fighter, which was itself a sequel to the arcade game G-Loc which was spin off of the original After Burner titles.
The game was developed by a company called CRI and despite being on the Sega CD is considered to be a worse port than the previous After Burner titles. Most of this is due to the fact that the ground terain is mostly solid colours. The game does make use of the CD storage space by adding a intro cutscenes and high quality soundtrack. The soundtrack from the original arcade title was completely replace by remixes of the original After Burner tunes.
While G-Loc focused on a mission based gameplay system, After Burner 3 returns to it's on rails classic gameplay. The game is mainly played in the first person perspective, but the player can switch to 3rd person at any time for a classic feel, although the jet takes up considerable more space on the screen than the original titles making it more difficult to see enemies.