Two new techniques for estimating aircraft stability and control derivatives (parameters) from flight data using feed forward neural networks are proposed. Both techniques use motion variables and control inputs as the input file, while aerodynamic coefficients are presented as the output file for training a neural network. For the purpose of parameter estimation, the trained neural network is presented with a suitably modified input file, and the corresponding predicted output file of aerodynamic coefficients is obtained. Suitable interpretation and manipulation of such input-output files yields the estimated values of the parameters. The methods are validated first on the simulated flight data and then on real flight data obtained by digitising analogue data from a published report. Results are presented to show how the accuracy of the estimates is affected by the topology of the network, the number of iterations and the intensity of the measurement noise in simulated flight data. One of the significant features of the proposed methods is that they do not require guessing of a reasonable set of starting values of the parameters as a popular parameter estimator like the maximum likelihood method does.