The old bird is still there slowly decaying under the sun. it is i think on the military portion of the airport, not 100 % sure. if so, it could probably be visited anyway, specially if you show nice manners and the genuine thrill you portray so they let you take some pictures. i think it has been used for firefighting training purposes but the last time i was in lepa it was still recognizable.
you could consider contacting AENA in Palma and asking...if you find anyone that speaks english...i can help you there if you want a letter translated...i flew also with spantax as pax as a young aspiring pilot...madrid-new york and back. in the cockpit the whole trip both ways...lots of fond memories too!!
Buena Suerte