An airship model is made-up of aerostatic, aerodynamic, dynamic, and propulsive forces and torques. Besides others, the computation of aerodynamic forces and torques is difficult. Usually, wind tunnel experimentation and potential flow theory are used for their calculations. However, the limitations of these methods pose difficulties in their accurate calculation. In this work, an online estimation scheme based on unscented Kalman filter (UKF) is proposed for their calculation. The proposed method introduces six auxiliary states for the complete aerodynamic model. UKF uses an extended model and provides an estimate of a complete state vector along with auxiliary states. The proposed method uses the minimum auxiliary state variables for the approximation of the complete aerodynamic model that makes it computationally less intensive. UKF estimation performance is evaluated by developing a nonlinear simulation environment for University of Engineering and Technology, Taxila (UETT) airship. Estimator performance is vali dated by performing the error analysis based on estimation error and 2-uncertainty bound. For the same problem, the extended Kalman filter (EKF) is also implemented and its results are compared with UKF. The simulation results show that UKF successfully estimates the forces and torques due to the aerodynamic model with small estimation error and the comparative analysis with EKF shows that UKF improves the estimation re sults and also it is more suitable for the under-consideration problem.