80's animated space adventure

I remember a movie, or maybe pilot episode of a show that involved spaceships that looked like old pirate ships with sails.

The lead character was inheriting his father’s legacy or something; his old ship and gear. A cool laser sword; "when the blade glows red, it can cut through anything" and a ring that could either make a shield (maybe sort of eagle shaped?) or deliver a power punch.

I think he crashed his ship looking for this stuff, and wanted to convert the old ship to be spaceworthy. I seem to remember him asking his first mate if they had ‘enough to make her fly.’

This has been driving me crazy for years. Somebody must know this.