A7 you probably haven't seen enough to get to the breast shots and their a lot of them as the series progress.
Characterization of everyone with more than five lines is outstanding compared to most of the clone animes right now. Non-episodic format, you really have to watch the series in order to understand what is going on. Especially when there seemingly no overall plot objective (right word???); like for example saving the world, graduating HS and etc.; present in the series at this moment.
Closest anime I've seen to Airmaster is Natsuki Crisis in terms of fighting choreography, lack of still frames, and fairly realistic fighting styles barring the more outlandish stuff.