Alaska Air Guide Regulations Act of 1998

Alaska Air Guide Regulations Act of 1998 - Reinstates regulation of Alaska guide pilots under the Federal Aviation Administration's General Operating and Flight Rules (currently, the Federal Aviation Administration (FAA) has rescinded such regulation under the rules and replaced them with more stringent regulations). Authorizes the FAA to amend the Rules to require Alaska guide pilots to: (1) be inspected no less often than after 125 hours of flight time; (2) participate in an annual flight review as described in the FAA's Certification: Pilots and Flight Instructors; Subpart A - General; Flight Review; (3) have a total of at least 500 hours of flight time as a pilot; and (4) have a commercial rating as described in FAA's Certification: Pilots and Instructors; Subpart F - Commercial Pilots.