This paper presents a novel intelligent fault-tolerant control method for a kind of more electric aircraft AC/DC hybrid electrical power system, in order to ensure the safe operation of the engine and improve the power supply quality. The more electric aircraft electrical power system was combined with an aircraft engine, two generators, two AC/DC rectifiers, two DC/AC inverters, DC loads, and AC loads. A multi-objective optimization intelligent sliding mode fault-tolerant controller was obtained for aircraft engine with actuator faults. Each of AC/DC rectifiers is 12-pulse autotransformer rectifier unit with active power filter. Active power filter was used to realize the desired performance of DC bus. Intelligent fractional order PI controller is presented for AC/DC rectifier by considering multiple performance indexes. In order to guarantee the AC-side has satisfying voltage, current, and frequency, no matter the sudden change of AC load that happens or DC/AC fault that occurs, the virtual synchronous generator control method was used for DC/AC inverters. Simulation results verify the effective of the proposed more electric aircraft AC/DC hybrid electrical power system.