World Notes ARMS DEALERS

Travelers aboard Arms Dealer Adnan Khashoggi's $40 million DC-8 enjoyed the last word in airborne luxury. But last week the jetliner, with its three bedrooms, crystal goblets and Russian sable bedspread, was seized by police at Le Bourget Airport in Paris under a court order obtained by British Industrialist Roland ("Tiny") Rowland, who seeks repayment of a $2.5 million loan.

The action was the latest setback for Khashoggi, a key middleman in U.S. arms sales to Iran. French police confiscated his DC-9 aircraft earlier this month. The arms dealer's growing financial woes, which stem in part from the failure of grandiose real estate and development schemes, seem certain to cause further cutbacks in a sybaritic life-style that once earned Khashoggi a reputation as the world's richest man.