Parachute Jumper

Parachute Jumper is a 1933 PreCode blackandwhite drama film starring Douglas Fairbanks, Jr., Bette Davis and Frank McHugh. It was based on a story by Rian James entitled Some Call It Love.

Later, Keller and Cooper become entangled in Webers smuggling schemes, flying in contraband from Canada. On the return trip, Keller shoots down two airplanes who intercept and fire upon him, thinking they are hijackers when they are really part of the Border Patrol. Fortunately, there are no fatalities.Weber and his henchman Steve Donovan Harold Huber set a trap for two disgruntled, unpaid exemployees Donovan guns them down in cold blood, intending to frame Keller, but Alabama overhears and calls Keller away from the scene. As a result, Keller hands in his resignation, but Weber persuades him and Cooper to make one more delivery for him. After Cooper leaves, Keller learns that they have been smuggling not liquor, but narcotics. The authorities close in on Webers office Weber and Keller get away, but Weber leaves Donovan behind to get shot down. ........

Source: Wikipedia