The song began to emerge in Glasgow circa 1980, it was based on a track from an LP by an American called Oscar Brand who put together a collection of fighter pilot songs from the Korean war. The particular song was entitled "Give me Operations" and had verses about US aircraft, mostly from WW2 so it may have come from the '40s.
The verses ran much as this one:-
Don't give a P38
The props they counter rotate
They'll scatter and smitten from Burma to Britain
Don't give a P38
NO
(chorus)
Give me operations, way out on some lonely atoll
For I am too young to die
I just want to grow old
The verses ranged from the P38 to the F86
I suspect the song moved down to Woodvale as 2 of the QFIs on UGSAS at the time became the 2 Sqn Cdrs at Woodvale soon after.
Oscar Brand is well worth listening to (in small doses), he produced such masterpieces as
"Charlotte the Harlot the cowpunchers whore,
The pride of the prairie, the girl we adore"