The reliability enhancement of electrical machines is one of the key enabling factors for spreading the full-electric propulsion to next-generation long-endurance UAVs. This paper deals with the fault-tolerant control design of a Full-Electric Propulsion System (FEPS) for a lightweight fixed-wing UAV, in which a dual-stator Permanent Magnet Synchronous Machine (PMSM) drives a twin-blade fixed-pitch propeller. The FEPS is designed to operate with both stators delivering power (active/active status) during climb, to maximize performances, while only one stator is used (active/stand-by status) in cruise and landing, to enhance reliability. To assess the fault-tolerant capabilities of the system, as well as to evaluate the impacts of its failure transients on the UAV performances, a detailed model of the FEPS (including three-phase electrical systems, digital regulators, drivetrain compliance and propeller loads) is integrated with the model of the UAV longitudinal dynamics, and the system response is characterized by injecting a phase-to-ground fault in the motor during different flight manoeuvres. The results show that, even after a stator failure, the fault-tolerant control permits the UAV to hold altitude and speed during cruise, to keep on climbing (even with reduced performances), and to safely manage the flight termination (requiring to stop and align the propeller blades with the UAV wing), by avoiding potentially dangerous torque ripples and structural vibrations.