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Ground-based decision support tools (DST) in air traffic management (ATM) typically perform trajectory prediction based on aircraft performance model (APM) parameters, but some or all of these parameters might not be readily available. In particular, the three critical parameters required for trajectory prediction are the thrust setting, drag coefficients, and takeoff weight of the aircraft. Unfortunately, these parameters are coupled and appear together in physics-based kinetic models. Past approaches utilize data from a specific phase of flight (climb, level flight or descent), where one or more of the parameters are assumed to be known and estimate the remaining unknown parameters. This approach introduces bias/errors and also does not extend to scenarios where all of the above parameters are not known with sufficient accuracy. This paper is the first of its kind to propose a generalized framework for simultaneous estimation of all three critical APM parameters (thrust, drag, and mass). The proposed approach utilizes data from both the climb and descent phases and fits the ordinary differential equation for altitude in each phase using historical trajectory data available from radar tracks or ADS-B. The approach yields a set of optimized APM parameters that are best suited to fit each historical flight record. The methodology is applied on on sample flights from three different aircraft types, and the results demonstrate low fit error and consequently will yield a high level of prediction accuracy.