SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Sep 22, 2021

2. SEC Identification Number

PW-94

3. BIR Tax Identification No.

000-145-650

4. Exact name of issuer as specified in its charter

PAL Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay City Postal Code 1307

8. Issuer's telephone number, including area code

(02) 8810-2451

9. Former name or former address, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	11,610,978,242

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Reports

Source	BusinessWorld (Online Edition)
Subject of News Report	“PAL seeks local recognition of Chapter 11 rulings”
Date of Publication	Sep 22, 2021

Clarification of News Report
September 22, 2021 DISCLOSURE DEPARTMENT THE PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Plaza, PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City Attention: MS. JANET A. ENCARNACION Head, Disclosure Department Gentlemen: This refers to your letter dated September 22, 2021, seeking clarification of the news article entitled “PAL seeks local recognition of Chapter 11 rulings” posted in BusinessWorld (Online Edition) today. The article reported in part that: “PHILIPPINE Airlines, Inc. (PAL) said on Tuesday that it has filed a petition before a Pasay City court seeking recognition of the proceedings and decisions of a United States bankruptcy court hearing its Chapter 11 case. ‘The recognition petition filed by PAL before a local court is a petition which aims to ensure that the Philippine legal system recognizes all proceedings and decisions rendered by the foreign court handling the Chapter 11 case,’ PAL Spokesperson Cielo C. Villaluna said in a statement sent to BusinessWorld. ‘This was filed before a Pasay City court yesterday, Sept. 20,’ she added. . . . .” In accordance with the over-all plan in regard to the filing of the Chapter 11 petition before the US Court of New York, we confirm that a petition has been filed by Philippine Airlines Inc. before a Pasay City court for the principal purpose of ensuring that the local courts will recognize formally the Chapter 11 process and the corresponding decisions the New York court may grant or award. Hope we have sufficiently clarified your query. Very truly yours, PAL HOLDINGS, INC. By: MA. CECILIA L. PESAYCO Corporate Secretary
Other Relevant Information
None.