it is apparently leased to someone.
Not really, the owners are based in Saudi Arabia, so in order to maintain the "N" registration. they presumably set up a USA based trust, hence the Wells Fargo bank address.
AFAIK, there are 2 VIP B777s in complete configuration and 1 in a semi VIP configuration, all based in Saudi.
Hobie, the B747SP is an awesome machine, but surely you must admit that a VIP B747-400 is much cooler!!!!
Mutt