The Airplanes are not owned by Elvis Presley Enterprises and Elvis Presley's Graceland. The Airplanes are leased to Graceland by the owner by KG Coker, in Memphis of the OKC Partnership. The lease for the airplanes at Graceland will end April 26th 2015.
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According to Elvis Presley Enterprises President and CEO Jack Soden, and Elvis' former wife Priscilla Presley, negotiations are being made to keep Elvis' airplanes at Elvis Presley's Graceland. Elvis' Daughter Lisa Marie Presley, has also made a statement. The Airplanes, have been on exhibition at Elvis Presley Graceland since the mid 1980's.