YA, on the motion path when selected you should have 3 setting in the channel box one of them being bank just try play with them and you should have control over you ship's movments. For the lights you can just key frame them off and on the way you want and cycle the keys.
Kurt
I am enough of an artist to draw freely upon my imagination, knowledge is limited, imagination encircles the world. (Albert Einstein)
https://www.artstation.com/kurtb