William Ballantine Wheatley was born at Chester, New York, 17 December 1902, the first of three children of William A. Wheatley, a public school superintendent, and Mabel Ballantine Wheatley. He was twice married, first, about 1927, to Esther C. Wheatley, of Massachussetts. His second marriage was to Miss Grace Lenore Ray, 18 April 1935, at Washington, D.C. They would have a son and two daughters.
After two years of college, Wheatley joined the U.S. Army Air Corps as an aviation cadet, 3 March 1925. He trained as a pilot at Brooks Field, Texas, and was commissioned as a 2nd lieutenant, 13 March 1926. On 4 May 1927, Lieutenant Wheatley was assigned to the 118th Observation Squadron, 43rd Division, Air Service, at Hartford, Connecticut, as a pilot and observer. He served in the Air Corps Reserve until 1937.
In 1928, Wheatley went to work for the Pratt & Whitney Aircraft Company as a test pilot. He was an air mail pilot in 1928-1929, and then, in February 1929, he became a test pilot for Reuben H. Fleet’s Consolidated Aircraft Corporation at Buffalo, New York. In 1935, Consolidated moved to its new headquarters at Lindbergh Field, San Diego, California. Wheatley moved with it. He and his family lived in a 3 bedroom home about three miles northeast of the airport. In 1940, his salary as chief test pilot of Consolidated was $50,000 per year.