The research paper addresses the problem of estimating aerodynamic parameters using a Gauss-Newton-based optimisation method. The process of the optimisation method lies on the principle of minimising the residual error between the measured and simulated responses of the system. Usually, the simulated response is obtained by integrating the dynamic equations of the system, which is found to be susceptible to the initial values, and the integration method. With the advent of the feedforward neural network, the data-driven regression methods have been widely used for identification of the system. Among them, a variant of feedforward neural network, extreme learning machine, which has proven the performance in terms of computational cost, generalisation, and so forth, has been addressed to predict the responses in the present study. The real flight data of longitudinal and lateral-directional motion have been considered to estimate their respective aerodynamic parameters. Furthermore, the estimates have been validated with the values of the classical estimation methods, such as the equation-error and filter-error methods. The sample standard deviations of the estimates demonstrate the effectiveness of the proposed method. Lastly, the proof-of-match exercise has been conducted with the other set of flight data to validate the estimated parameters.