I suggest a lens of at least 250-300mm and a minimum film speed of ISO 400 if you hope to have any definition of the planes. A monopod will help. In the frame those planes are a lot smaller than they appear to the naked eye. Unless you are really too close for comfort a 135mm will not work at all. I have pictures of the Thunderbirds made with a 135mm that are hardly visible except for the smoke trails.
Of course if you are out on the edge of the runway when they do a head-on barrel roll you can take that picture with a normal lens. Personally I get as far away as possible .