Date 10/24/2008

Passengers Increasingly Selected Halcyon For Luxury Travel Services Bucking Slowing Economy

NEW YORK Halcyon Jets Holdings, Inc. or “Halcyon” (OTCBB: HJHO), a premier arranger of private aviation services, announced today preliminary net revenues for the months of August and September 2008. The Company generated revenues for the two months, which are seasonally among the slowest of the year, of $9.4 million, an increase of 470% as compared to $2 million in the same two months in 2007. Revenues improved as a result of increased client usage of the Company’s private travel and concierge services.

“Despite a challenging economic environment, customers have increasingly selected Halcyon to provide luxury travel,” said Greg Cohen, Chief Executive Officer of Halcyon Jets Holdings. “Our client base, which includes entertainers, athletes and highly successful business executives recognize on the safety, comfort and convenience that our private aviation services provide, making the additional expense worthwhile regardless of the economic environment.”

Halcyon previously reported record net revenues for its second fiscal quarter ended July 31, 2008. The Company generated revenues of $13.9 million, compared to revenues of $1.4 million in the year earlier period.

For more information on Halcyon Jets, please call 212.616.JETS or visit
www.halcyonjets.com