C-GRYN Boeing 707-338C of Ontario Worldair (OWL)
Toronto Pearson International Airport - 21 December 1979
Caz Caswell and Douglas Holland Note:
This Airline was formed in 1978 and ceased operations in 1980, although legal ramifications see to indicate the entity wasn't wound up until 1984.
Otherwise all that is known is of those involved in this Airline went to found CROWNNAIR (see Next Picture).
It is however noteworthy that the Aircraft in the picture: C-GRYN later formed part of the Worldways Canada Fleet
For more about the Boeing 707 Family see:
Boeing History - 707/720 Commercial Transport
Boeing 707 - Wikipedia Entry