As several posts have stated, this is definitely White Waltham, with the old Fairey hangars behind the Airbus and Ashley Hill in the distance.
It would be interesting to find out more about the fly-past.
When I did my Flying Scholarship at WLAC in 1966 (non-radio with Aldis lights and flares!), the hangars were still black but I think Fairey had already left. I lived in Maidenhead in the early 60s and in those days, there was a regular stream of Gannets, various helicopters and of course the Rotodyne, which lived in the big hangar. The two (?) Fairey Air Surveys DC-3s lived on the south side by the RAF hangars, alongside the ULAS Chipmunks and a couple of Ansons.
The thing I remember about the RAF site was that every day during my month at WLAC, we were picked up by an RAF bus and taken to the Airmen's Mess for lunch. Chips featured very prominently on the menu.
