Flight Options is the world's second largest private aviation company. SherpaReport recently talked to CEO, Mike Silvestro about the growth his company saw in 2012 and his views for 2013.

Read more: Mike Silvestro of Flight Options Talks About Growth

This new offering from Flexjet delivers special incentive jet card rates when traveling across the USA aboard Challenger 300 aircraft.

Read more: Flexjet Coastal Connect Program Provides Cross-Country Flights

Demeure is a next generation online travel marketplace which works with high end rental agencies, luxury home owners and exchange networks. Trade to Travel (TTT) is one of the original pioneers in luxury vacation home exchange and arranges exceptional vacations for a discerning clientele. Together they are opening the Demeure marketplace to TTT owners.

Read more: Trade to Travel Partners with Demeure

The two luxury destination clubs are mutually opening some of their homes to members of the others club. This partnership will provide members of both clubs access to an even wider collection of luxury residences around the world.

Read more: Hideaways Club and Exclusive Resorts Enter Alliance

Private aviation's largest fractional-share provider recently announced their "Supplemental Lift Assurance Program". Designed for flight departments as well as aircraft owners, this service provides full access to NetJets fleet. Participants in the program can use NetJets aircraft when there is an issue causing their own plane to be grounded (eg during unscheduled maintenance) and for providing supplemental lift throughout the year.

Read more: NetJets Supplemental Lift Assurance Program

There are plenty of good reasons to join a destination club, but the clubs are not for everyone. Here's a run-down of the top reasons a destination club or vacation residence fund membership may not be right for you and your family.

Read more: Top 5 Reasons NOT to Join a Destination Club

The Calgary based, equity destination club, has just announced its 2013 annual fee levels, which marks the 3rd year in a row of lowered dues.

Read more: M Private Residences Lowers Dues 25%

These two destination clubs or luxury vacation clubs have quite a bit in common - for instance both were launched by Brent and Brad Handler, and both provide residences around the world - and, they also have their own unique distinctions. We review them side by side so that you can see the similarities and differences

Read more: Inspirato Compared to Exclusive Resorts

Equity Estates just announced a multi-million dollar investment from Canadian based Luxus Group. The purchase of member interests marks the largest international transaction for Atlanta-based Equity Estates, and continues the trend of partnerships and cross investments between equity destination clubs.

Read more: Luxus Group Buys Memberships in Equity Estates

One of the common questions when it comes to air travel is, "How much can I bring?" Whether traveling on a commercial airline or via private jet, there is no exception. With many people wanting to bring some of their toys along with them, such as golf clubs or skis, space can be a big concern.

Read more: How Much Luggage Space is in a Private Jet?

VistaJet founder Thomas Flohr vowed to redefine private aviation when the company was established in 2004. Last week he placed the largest single transaction in the history of business aviation. The firm order for 56 new Bombardier Global aircraft with options on a further 86 Globals has a list price tag of more than $7.8 billion.

Read more: VistaJet Orders $7.8bn Bombardier Global Jets

These two large luxury travel leaders have announced that Exclusive Resorts will take over all the operations of the Abercrombie & Kent Residence Club, effectively managing the club for its members. At the same time Abercrombie & Kent has been named the Worldwide Travel Experience Provider for Exclusive Resorts, providing members with access to private and independent travel anywhere in the world.

Read more: Exclusive Resorts Partners with Abercrombie & Kent

The Queen Anne Mansion is a museum-like model of 19th-century opulence located in Eureka Springs, Arkansas. Owners Lata and Steve Lovell have just spent several years meticulously restoring this historic 12,000 square-foot mansion. With a view to preserving it for the next 100 years and beyond, they have formed the Queen Anne Mansion Preservation Trust, as a private residence club.

Read more: The Queen Anne Mansion Combines Historic Preservation and Fractional Ownership

The luxury destination club has increased its destination portfolio by more than 33% in 2012, adding 20 new destinations. Members now have access to more than 170 luxury residences and experiences in more than 60 of the world's most sought-after destinations.

Read more: Quintess Expands Destinations, Adds New Memberships

Vail is known internationally known for its superior skiing, brilliant blue skies and an abundance of breathtaking scenery. This private residence club and hotel allows owners to be in the heart of it all while enjoying the ultimate in luxury.

Read more: Residences at the Sebastian in Vail