The paper aims at studying dispersion of elastic waves in a sandwich plate with the parameters, characteristic of aerogel core and hard skin layers, typical for aerospace applications including optimal design of fuselage structural components. The proposed approach relies on multiparametric analysis, taking into account the effect of strong transverse inhomogeneity. It is demonstrated that both an additional low-frequency propagating wave and a slowly decaying evanescent one appear due to a high contrast in geometric and mechanical parameters of the layers. The key findings include the derivation of two-mode asymptotic expansions of the full dispersion relation at the low-frequency limit, as well as elucidation of the non-trivial link between long-wave evanescent and propagating modes. A sophisticated composite nature of the obtained expansions involving various shortened forms is investigated. The range of validity for each of these forms over frequency and wave-number domains is evaluated. Comparison of asymptotic results with the numerical solution of the full dispersion relation is presented.