PSE Circular for Brokers No. 397-99

March 3, 1999 PSE CIRCULAR FOR BROKERS NO. 397-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA 11(a)-1(b)(3) THEREUNDER 1. March 1, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number AS 093000120 3. BIR Tax Identification No. 312-002-155-598 4. AIR PHILIPPINES INTERNATIONAL CORPORATION Exact name of registrant as specified in its charter: 5. Philippines Province, country or other jurisdiction of incorporation 6. [ ] SEC Use Only Industry Classification Code: 7. 22/F CITIBANK TOWERS, 8741 PASEO DE ROXAS, MAKATI CITY 1266 Address of principal office Postal Code 8. (0632) 848-10-75 Registrant's telephone number, including area code 9. NOT APPLICABLE Former name or former address, if changes since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Shares - P1.00 par value Issued - 697,221,720 Subscribed - 1,177,778,280 (Subscription receivable - P682,639,140) 11. Indicate the item numbers reported herein: Item 9. Other Events