When an in-flight collision incapacitates the pilots of an airplane bound for Los Angeles, stewardess Nancy Pryor is forced to take over the controls. From the ground, her boyfriend Alan Murdock, a retired test pilot, tries to talk her through piloting and landing the 747 aircraft. Worse yet, the anxious passengers — among which are a noisy nun and a cranky man — are aggravating the already tense atmosphere.

Pete, a young orphan, runs away to a Maine fishing town with his best friend a lovable, sometimes invisible dragon named Elliott! When they are taken in by a kind lighthouse keeper, Nora, and her father, Elliott's prank playing lands them in big trouble. Then, when crooked salesmen try to capture Elliott for their own gain, Pete must attempt a daring rescue.