1941: Four Cadet Officers, Martin Dayton, David Hinds, Bob Barnett and Jim Duthie were chosen to become members of the 111 Squadron of Vancouver, take some basic training and attend summer camp. On return from camp, it was the job of these four to train the RCACS 147 Chilliwack.

Chilliwack High School was the venue. The Principal, Carson McGuire became the Commanding Officer (CO) and the Vice-Principal, Wilf Graham, was the Flying Officer.

Cadets of the new squadron were from grades 10, 11 and 12. Training took place during the school hours and was compulsory, focusing on drill, navigation and signals. With the war on, enthusiasm was high, and competition to be the best was keen.

1942: 147 Chilliwack Royal Canadian Air Cadets was incorporated by the Air Cadet League of Canada.

1943: First inspection of the Squadron.

1944: Air Cadets morale plummets as Air Force curtails recruiting.

1947: With the war over, cadet training was no longer a school activity nor mandatory.

1951: CO Roy Bruce revitalized the 147 Chilliwack Squadron.

1984: 147 Chilliwack Squadron rechristened 147 Airwolf Squadron with a new badge design with a white wolf superimposed on a red maple leaf.

The wolf represented dedication to the pack and the ability to function as a group while the maple leaf represented the dedication to Canada and the community. The Latin motto "Die Alea Jacta Est" means "The Die is Cast", recognizing the spirit of being a cadet is always with you.

1987: The District of Chilliwack, Air Cadets signed a 20 year Agreement to use the Princess Armouries as a cadet training facility.

2000: Incorporation of the 147 Airwolf Air Cadets Parent Society. The management of the Princess Armouries becomes the sole responsibility of the Society.

2002: 60th Anniversary was celebrated. 147 Airwolf Air Cadets raised funds to purchase a commemorative plaque displayed at the Juno Beach Centre in France.

2013: 147 Airwolf Squadron celebrate the 100th Anniversary of the Princess Armouries.

2013: Air Cadets from 147 Airwolf, under the command of Capt. Ted Bowman and supervised by Lt. (N) Ron Shore, found the old Airplane Creek memorial for the 11 lost airmen in the 1945 Liberator bomber crash face down and unrecoverable. Plans were then made to build a new memorial.

2015: The new Airplane Creek Memorial opens in Thompson Park.

2021: The squadron badge design is updated and registered for the first time as the official squadron badge with the Air Cadet League of Canada.

2022: 147 Airwolf celebrates 80 years with the return of an in-person Annual Ceremonial Review.