10/31/2008. The Ryan Aeronautical Company of San Diego produced 1,023 of these light two-seat trainers ordered by the USAAC with the serials 41-15173 to 41-15745 and 41-20591 to 41-21040, N48742 was built as 41-15269 in 1941. Reportedly the aircraft was severely damaged at King City AAF, California on May 18, 1942. Apparently it was rebuilt and gained its CofA on April 8, 1959.
The aircraft has been with the CAF for many years, on September 6, 1991 it was registered to the American Airpower Heritage Museum in Midland, Texas, and the following year it was assigned to the CAF Squadron (became the Inland Empire Wing in 1994) located at Riverside Municipal Airport, California.
On August 24, 2001, the PT-22 engine lost power during cruise flight. The pilot made a forced landing in an open field where the port landing gear struck a culvert and was torn off and the port wing was damaged, the pilot Terry Freedman and his passenger escaped injuries. It took nearly four year to repair the aircraft and it flew again on May 17, 2005, with Terry Freedman at the controls.