In this paper, a sliding mode sensor fault tolerant control scheme which involves a first order sliding mode observer, fault compensation logic and an integral sliding mode controller, is proposed for a class of uncertain linear parameter-varying systems. The proposed scheme has the capability to retain near nominal fault-free performance in the face of a class of sensor faults/failures. In particular, the closed-loop stability of the sensor fault tolerant scheme involving the sliding mode observer and the sliding mode controller in the presence of faults and uncertainty, is rigorously analysed. Furthermore, the paper proposes an algorithm to simultaneously synthesize the design freedom associated with the observer gains and control law despite the lack of a separation principle in the closed loop system overall caused by the uncertainty. The proposed scheme is validated using a commercial aircraft model. Good simulation results show the efficacy of the scheme.