In this paper, we study solitary wave solutions of the Cauchy problem for Half-wave-Schrödinger equation in the plane. First, we show the existence and the orbital stability of the ground states. Second, we prove that given any speed v, traveling wave solutions exist and converge to the zero wave as the velocity tends to 1. Finally, we solve the Cauchy problem for initial data in L2xHsy(ℝ2), with s>12. The critical case s=12 still stands as an interesting open problem.