The airport began in 1929 as a private operation by a group of local pilots. In June 1932 the 320 ft (98 m) grass strip was officially opened with the landing of a de Havilland Gypsy Moth by Canadian aviation pioneer, Jimmy Wade. Later that year Jim Mollison, on his east to west crossing of the Atlantic Ocean landed at the airport, which was later named after him.
In 1950, the airport left private ownership and became the property of the town of Trenton. But in 2006, municipal officials felt "... the town of about 2,700 could no longer afford to maintain the airport and its facilities, ..." After searching for a buyer the only bidder was Sobeys Capital Incorporated, the airport's principal user.