Boeing engineers designed the 727 to serve smaller airports with shorter runways as well as major hubs. The high lift devices built into the jet's wing were major advances to allow that. With Krueger hinged flaps placed at the in board leading edge of the wing, extendable leading edge slats outboard and triple-slotted Fowler flaps on the trailing edge, the aircraft was said it didn't merely deploy flaps - it disassembled its wing. CP Air's first 727 gives an example with 5 degrees of flap selected for take-off.

There were big changes for Canadian Pacific Airlines in 1968. As a division of the Canadian Pacific Railway, the airline was part of a major re-organization and re-branding of all the divisions; the railway becoming CP Rail, the airline CP Air, etc. Recently ordered Boeing 737s were delivered during 1968 in the new airline name and bold colors. This aircraft was the first of four 727s delivered in 1970 and 71 to expand the domestic fleet. Sold in 1977 as CP Air made the 737 the mainstay of their domestic operations, it is still current, registered VP- BPZ with Peter Nygård International.

This 737 was originally delivered to Monarch Airlines in March 1982. Leased by Pacific Western Airlines as C-FPWE for the winters or 83, 84 and 85, it would be sold to CP Air/Canadian Airlines in April 1986. Transferred to Air Canada in 2001 and Zip Air in 2003, it was sold to Pegasus Aviation and stored in 2004.