A plane has crashed at the Avalon Airshow, shocking onlookers late on Friday afternoon.

The event was cancelled for the day after the plane crashed while performing an aerobatic stunt.

Multiple callers rang into 3AW Drive with the latest on what unfolded.

Press PLAY to hear the latest from the Avalon Airshow

Ambulance Victoria confirmed one person sustained serious injuries in the crash.

Image: Supplied