From Flight International 30th September 1976:-
Air Faisal licences suspended. Britain's Civil Aviation Authority ordered a three-month suspension of the air-transport licences held by freight charter operator Air Faisal. The suspension came last week when Air Faisal ceased operations after the seizure of one of its Britannias at Manston Airport and the arrest two weeks earlier of the managing director and major shareholder Umjal Patel. He was doubly charged with smuggling cannabis resin into the UK. Patel's detention has left the airline without executive control or sources of finance. The three-month suspension came after discussions between Air Faisal senior management and the CAA. The CAA has suspended, rather than revoked, the licences to allow the airline's management and Dubai-based minority-shareholding interests to arrange executive control and financing. Reports that Mahmoud Alibhai had been appointed managing director of Air Faisal are incorrect, although unsuccessful discussions about a possible stake in Air Faisal have been held with him. The airline was unable to pay wages when it ceased operations, and its Luton headquarters are now staffed by unpaid volunteers. Air Faisal began operating in 1976, when it bought Britannia 253s from the British Defence Ministry.
Link to a photograph of Air Faisal's Britannias:-
http://cdn-www.airliners.net/aviatio.../1/1277197.jpg
This photograph shows G-BDLZ (ex XM490) and G-BEMZ (ex XL660). Note the distinctive ex-RAF cheatlines, although Lima Zulu's had been changed to green.