Russ Bannock was born in Edmonton in 1919, and worked as a commercial pilot before the Second World War, obtaining his private pilot's license in 1938 and his commercial pilot's license in 1939.
During World War II, Bannock flew de Havilland DH 98 Mosquitos with the Royal Canadian Air Force and was credited with 11 enemy aircraft destroyed. He was awarded the Distuingished Service Order awarded for acts of bravery and the Distuingished Flying Cross awarded to a person who distinguishes themselves by heroism or extraordinary achievement while participating in aerial flight.
He joined de Havilland in 1946 as its Vice-President and flew the prototype de Havilland DHC2 Beaver In 1950 Bannock became Director of Military Sales and later Vice President and President from 1976 to 1978. In 1968 he formed his own consulting business, Bannock Aerospace Ltd.
In 1956, Bannock was appointed an associate fellow of the Canadian Aeronautical Institute. He was also chairman of the Canadian Aerospace Industries Association’s Export Committee from 1964 -1968, and was a director from 1976-1977.
Bannock was also President of the Canadian Fighter Pilots Association, Director of the Canadian Industrial Preparedness Association, and the Canadian Exporters Association.
In 2011, he was made a member of the Order of Ontario "for his contributions to the aerospace industry".