I second the motion -- close the client, delete your USER folder, and try again.
I flew the Blade in 3.2.0 PTU and it was working fine, I didn't notice a problem like what you describe.
Then again, when trying to get up out of the seat in that build, I would get stuck and I had to shut down the game entirely to restart. So it seems like they fixed one bug and introduced another, less game-breaking one.