Canadian Pacific Airlines straight to the point fastest to 5 continents - Framed Picture - 11" x 14" In the early 1940s, the Canadian Pacific Railway Company purchased ten bush airlines in a short time span, finishing with the purchase of Canadian Airways in 1942, to form Canadian Pacific Air Lines. Early management were largely bush flying pioneers, including president Grant McConachie, superintendent Punch Dickins, and Wop May, who would become a repair depot manager in Calgary. In 1968, Canadian Pacific Air Lines was rebranded as CP Air. The Canadian Pacific Railway Company (renamed Canadian Pacific Limited in 1971) had decided to align the airline's name and "Multimark" design to that of its other subsidiaries, including CP Hotels, CP Ships, and CP Transport (CP Rail was spun off from the parent company later).