Villeneuve was awarded the RCAF Air Force Cross on 20 May 1961 for an engine-out landing of an Canadair F-86 Sabre. In 1997 he became one of two living people to have their image on Canadian coins,Cross 2006, p. 361. the other being the Queen. Villeneuve was inducted into the Canadian Aviation Hall of Fame in 2006,"Fern Villeneuve." Canadian Aviation Hall of Fame, 2006. Retrieved: 25 November 2012. he was appointed as Honorary Colonel of 8 Air Maintenance Squadron in Trenton, Ontario, from 2008 to 2012 and in 2015 was inducted as an Honorary Snowbird by 431 (AD) Sqn, the Snowbirds, in Moose Jaw, SK. ."Honorary Colonels/Honoraires." airforce.forces.gc.ca. Retrieved: 25 November 2012.
