Billy Bishop Road is named in memorial to Air Marshal William Avery "Billy" Bishop.
In the immediate post-World War II era, the Royal Military College of Canada renamed street names on the College grounds for significant military leaders.
Air Marshal William Avery "Billy" Bishop, VC, CB, DSO & Bar, MC, DFC, ED, LL.D. (8 February 1894 - 11 September 1956) was a Canadian First World War Flying Ace, officially credited with 72 victories, making him the top Canadian are of the war. During the Second World War, Bishop was instrumental in setting up and promoting the British Commonwealth Air Training Plan.