The following is the common belief about cheats, but I have not tested all of it:

Between the last line of the [Free Flight] section & the [JOYSTICK_MAIN {Your Stick's Game ID #}] add the following very cool CHEATS -good word choice MS- MicroSoft put into the game but left hidden ... Copy & paste to your CFS2.cfg as shown below to...

[CHEATS]
bomb_trainer=1
free_warp=0
ALLOW_SLEW=1
damagemsgs=0

- DAMAGEMSGS=1. Enables & displays a hit message in Quick Combat when your bullets strike an object or aircraft.

- bomb_trainer=0. Enables but does not display the Bomb Trainer built into your game. The 'bomb-sight' will be active & will appear in all games & views when set to 1.

- Slew and Warp enable slewing (moving rapidly from one location to another) and Warping (moving rapidly to the next WP).

- 0 setting is disabled, 1 is enabled for all cheats.

Close & save your custom CFS2.cfg file. Before doing anything else, copy it & rename the copy custom cfs2.cfg back-up.

Someone said there was a cheat that allowed you to bailout at anytime....but as far as I know you can do that without a cheat.