The airport is located 5 nautical miles (9.3 km; 5.8 mi) west of the Town of Peace River, Alberta, Canada.

The first airport in the area was located on the west bank of the Peace River, about 3 mi (4.8 km) south of the present town site.

The site was abandoned when one of Grant McConachie's pilots had a near fatal accident on landing a United Air Transport Limited airline, which was headquartered at the Edmonton Municipal Airport.

Historical records indicate that the present site (NW Section 29, Township 83, Range 22, West of the 5th Meridian) was picked by the famous Wop May.

The Air Cadets of the region played host to the R.C.A.F., who brought with them a helicopter, two Harvard trainers, an Avro Anson, and a Beech Expeditor out of which two parachutists jumped.

During 1964 the first Flight Service Specialists were hired to staff the radio at the Peace River Airport.

The association agreed to continue to provide fire suppression services and financial support of $1.4 million over the first two years of ownership.