If you are going to pick a historic WWI squadron as a name for yours the first thing you need to do is pick what country you want it from.. there were MANY countries who had squadrons in WWI besides just France & Germany.. Britain, America, & Belgium just to name a few... but there were more. Italy for one.
If not, then just pick a name that sounds cool to you.. I thought Cloudburst or Gypsy Warriors was pretty cool..
or a name of a famous WWII squadron like the Black Sheep.