CHICOPEE, MA, March 17, 2008 – POGO Jet, Inc. announced today that it has postponed the initial public offering
of common shares of the company due to current market conditions.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About POGO Jet, Inc.
POGO Jet, Inc. is a development-stage private jet operator with a mission to make on-demand, private air travel more affordable, convenient and easy to use. By leveraging the low purchase price and operating costs of today’s Very Light Jets, POGO intends to dramatically decrease the cost of private aviation. POGO’s management team is led by Robert Crandall, the former president, CEO and chairman of American Airlines. The company expects to launch air service in the second quarter of 2009.

Original Release