Doing "Google" and "Yahoo!" searches on
"B-24" + "42-51141" gives the followiong results:
http://www.web-birds.com/8th/466/785th%20squadron.htm
http://www.b24bestweb.com/pegasustheflyingredhorse.htm
The first site indicates this aircraft was named "Pegasus" and the second says it was "Pegasus The Flying Red Horse". My guess is that no actual words were painted on the nose, just the flying red horse Pegasus.
The B-24 Best Web entry contains the following:
Color Image
Contributor - James A. Leddy
Caption reads: "When the hydraulic system was shot out, this pilot landed his B-24 with two parachutes attached to the waist windows to act as brakes. England."
Info Contributor - Tom Brittan
Transferred to 785th BS (2U U+). Missions 11 Jul 44 - 25 Apr 45. Repaired at Woodbridge, Suffolk, 23 Feb - 18 Mar 45 - # 3 engine in which oil pressure was lost causing the propeller to be feathered over the Zuider Zee. All the fluid was lost from the hydraulic system when the line to the bottom of the reservoir was severed, making it necessary to crank down the landing gear manually - plane landed with no flaps or brakes and parachutes were released from the waist windows on this occasion. This was on return from the 22 Feb 45 "low level" (9,000 ft) mission to Peine marshalling yards.
Info Contributor - Al Blue
Photo was staged later and not taken during the actual emergency landing. The engines are running to billow out the chutes for the photographer.
It appears that when the landing incident took place, this aircraft was flown by the 784th BS of the 466th BG as "T9 N". It was later transferred to the 785th BS and coded "2U U".
I have found it very useful when researching a particular aircraft to perform a Google and/or Yahoo! search on both the aircraft serial number
and aircraft type. In this case, I performed a search on:
"B-24" + "42-51141"
Todd