762 Naval Air Squadron formed, on the 23 March 1942, at RNAS Yeovilton (HMS Heron) situated near Yeovil, Somerset, as an Advanced Flying Training School.

[4] Roughly three weeks later, on the 15 April 1942, the squadron relocated to RNAS St Merryn (HMS Vulture), located 7.35 miles (11.83 km) northeast of Newquay, Cornwall.

[4] 762 Naval Air Squadron reformed, on the 15 March 1944, at RNAS Lee-on-Solent (HMS Daedalus),[4] situated near Lee-on-the-Solent, in Hampshire, approximately four miles west of Portsmouth, as the Twin Engine Conversion Unit.

Two weeks later, on the 15 March 1944, 762 Naval Air Squadron moved to RNAS Dale (HMS Goldcrest), located 6.5 miles (10.5 km) west of Milford Haven, Pembrokeshire, Wales and here the squadron operated a variety of aircraft, using Bristol Beaufort Mk.I & T Mk.

[6] and from August, Vickers Wellington GR Mark XI a British twin-engined, long-range medium bomber.