The aim of this paper is to develop state estimation and sliding mode control schemes for the vibration suppression of an underactuated wing aeroelastic system in the presence of a gust load disturbance. Ignoring structural elastic deformation and using the concentrated elastic system (spring) to simulate the overall elastic deformation, this aeroelastic model consists of a straight wing and spring system, describing flap and pitch freedoms. The corresponding dynamic motion equation is established using the Lagrange method, and the gust is modeled as a typical "1-cosine" gust. The aerodynamic lift and moment on the wing are computed by strip theory. The open loop system exhibits the limit cycle oscillations (LCOs) at a certain freestream velocity. The objective is to design a control system for suppressing the LCOs. For the purpose of control, a single trailing-edge control surface is used. It is assumed that only the pitch angle is measured and the remaining state variables needed for full state feedback are estimated by the designed observer. Then an integral sliding surface is put forward on the estimation space; a new continuous reaching law is proposed to reduce the chattering phenomena. The finite-time reachability of the predesigned sliding surface is proved and guaranteed by the designed sliding mode control law. The sufficient condition for the asymptotic stability of the closed-loop system composed of the sliding mode dynamics and the error dynamical system is derived in terms of linear matrix inequality (LMI). The effectiveness of the proposed strategy is finally demonstrated by simulation results.