Key Findings
- Economic: lastminute.com established lastminute.co.il as a commercial joint venture with Israeli-listed Issta Lines Group in March 2021, pairing its technology platform with Issta’s local market presence and commercial agreements.1
- Political: The Israel operation is a confirmed commercial market presence, but no public evidence identified that it extends into settlements, or that the group or its brands appear in the UN OHCHR settlement-business database.2, 3
- Settlements: A Ma’ale Adumim car-hire comparison page was identified, but available evidence does not confirm accommodation inventory, bookings, or transaction-level activity in the settlement; it may be an aggregator or SEO location page.4
- Not found: No public evidence identified of Israeli military/security contracts, defence supply relationships, Israeli surveillance-technology relationships, Project Nimbus participation, or technology services to Israeli state or security bodies.5, 6
Target Profile
| Field | Detail |
|---|---|
| Company Name | lastminute.com N.V. / lm group |
| Jurisdiction | Netherlands-incorporated.7 |
| Headquarters | Chiasso, Switzerland.8 |
| Sector | Online travel agency, meta-search, and consumer travel-booking group.9 |
| Ownership | Public company listed on SIX Swiss Exchange as LMN; Freesailors Coöperatief U.A. has historically been the controlling or near-controlling shareholder vehicle, although the 2024 reorganisation increased free float.10, 11 |
| Key Executives / Governance | Yann Rousset (Chairman); Alessandro Petazzi (CEO); Stefano Frontini, Yulia Levina, Cyril Ranque, Gaspar Santonja, and Giulia Sattin (non-executive directors).12 |
| Israeli-Nexus Summary | A March 2021 commercial joint venture, lastminute.co.il, with Israeli-listed Issta Lines Group provides an Israel-market OTA presence and Tel Aviv office; no verified military, settlement, or Israeli-state-service nexus was identified.1, 5 |
Key Facts:
- lastminute.co.il was described as lm group’s first website outside Europe and combines lm group technology with Issta’s localised commercial presence.1
- The available company profile reports a Tel Aviv office and a stated headcount range of 11–50 employees.13
- Israel is not reported as a distinct geographic segment in the group’s public reporting; its five named core markets accounted for 85% of 2024 revenue, with Israel within “other countries.”14
Executive Summary
lastminute.com is a Netherlands-incorporated, Switzerland-headquartered online travel group whose documented Israel nexus is commercial travel intermediation. In March 2021, lm group and Tel Aviv Stock Exchange-listed Issta Lines Group launched lastminute.co.il, described as a joint venture combining lastminute.com’s technology platform with Issta’s local market presence and commercial agreements.1 The venture has a documented Tel Aviv representative office and serves the Israeli outbound-travel market.13
The principal evidence-supported vector is therefore economic: a named, operational Israeli-market joint venture rather than passive portfolio exposure or a physical-goods supply chain. The available sources do not disclose the venture’s ownership percentages, capital contribution, profit-sharing mechanics, consolidation treatment, or Israel-specific revenue.1, 14 The group also publishes ordinary consumer-facing Israel destination content, including Tel Aviv, Israel-wide hotel and package pages, and Dead Sea listings.15
The evidence does not establish a military or security relationship. No verified procurement, defence-service, logistics, supply-chain, export-control, intelligence, or Israeli security-body contracts were identified for lastminute.com, its brands, or lastminute.co.il.5 Likewise, no public evidence identified of Israeli-origin surveillance or cyber-vendor relationships, Project Nimbus participation, Israeli data-centre operations, or provision of digital services to Israeli state, military, or intelligence bodies.6
Settlement-related evidence is limited and unresolved. The company and named brands were not identified in the UN OHCHR settlement-business database or AFSC Investigate materials reviewed.2, 3 A Ma’ale Adumim car-hire comparison page exists, but no booking-level evidence, settlement accommodation listing, or transaction detail was verified; the audit treats it as insufficient to establish settlement inventory or operations.4 On the vetted V6.5 assessment, the documented Israel-market operation drives Economic and the political/territorial-presence assessment, producing a BRS of 428 and Tier C (Substantial Complicity), while Military and Digital remain zero.
Timeline of Relevant Events
| Date | Event |
|---|---|
| 2 September 1998 | The original lastminute.com brand was founded in London by Martha Lane Fox and Brent Hoberman.16 |
| May 2015 | Bravofly Rumbo Group acquired the lastminute.com brand from Sabre Holdings and later adopted the lastminute.com Group identity.16 |
| 8–11 March 2021 | lm group announced and launched lastminute.co.il, a joint venture with Issta Lines Group, described as its first website outside Europe.1 |
| April 2021 | Fedro S.A. sold its Freesailors stake to Sterling Strategic Value Fund and a pool of private investors.17 |
| 29 June 2022 | lastminute.com N.V. announced plans to buy out minority holders in Freesailors to support management investment and incentive schemes.10 |
| 24 July 2022 | Founder Fabio Cannavale and then-COO Andrea Bertoli were detained in a Swiss investigation concerning alleged misuse of COVID-related wage-subsidy and unemployment-insurance funds; both denied wrongdoing. This matter was unrelated to Israel/Palestine.18 |
| 6 November 2024 | Alessandro Petazzi was elected as CEO.19 |
| 2024 | The company reported a shareholder-structure reorganisation that increased free float.11 |
Corporate Overview
lastminute.com N.V. is the current corporate group descended from Volagratis, founded in Italy in 2004 by Fabio Cannavale and Marco Corradino. The group became Bravofly Rumbo Group, acquired the lastminute.com brand in 2015, and subsequently rebranded as lastminute.com Group.16 Its corporate headquarters are in Chiasso, Switzerland; its incorporation is in the Netherlands.7, 8
The group operates consumer travel and leisure e-commerce rather than manufacturing, freight, physical retail, construction, or defence supply. Its documented technology environment includes AWS, Kubernetes, Spinnaker, Google Cloud Composer/Apache Airflow, and travel-distribution connections with Sabre, Amadeus, and Travelport.20, 21 These facts describe civilian travel-platform infrastructure, not an Israeli state or defence technology relationship.
The group’s documented Israeli entity is lastminute.co.il, launched as a joint venture with Issta Lines Group. Issta is an Israeli travel company listed on the Tel Aviv Stock Exchange; reporting described it as Israel’s largest travel group and stated that the joint venture would combine Issta’s local commercial arrangements with lm group’s platform.1 The available disclosures do not establish the parties’ respective equity percentages or governance terms.1 No public evidence identified of Israeli state ownership, government board appointees, government contracts, critical-infrastructure designation, or a corporate charter mandate linking lastminute.com or lastminute.co.il to Israeli state policy.7, 8
Domain Summaries
Military: Military
Mechanism of Involvement
No public evidence identified of contracts, tenders, framework agreements, memoranda of understanding, or service arrangements between lastminute.com, its brands, or lastminute.co.il and the Israeli Ministry of Defense, IDF, Israel Prison Service, Border Police, intelligence bodies, or other state-security institutions.5
lastminute.com is a consumer travel platform and does not manufacture weapons, munitions, vehicles, drones, tactical equipment, or dual-use hardware. No verified supply relationship with Elbit Systems, Israel Aerospace Industries, Rafael, or IMI was identified in the materials reviewed.5 No evidence was identified of logistical sustainment, freight, port-handling, base services, catering, transport, fuel, facilities maintenance, or telecom services for Israeli military or security installations.5
Counter-Arguments and Evidence Limits
The strongest defence is straightforward: the documented Israeli relationship is a civilian travel joint venture, not a defence or security operation.1 Searches reviewed did not identify defence contracts, export licences, sanctions actions, military end-user arrangements, or litigation concerning defence supply to Israel.5
This conclusion is limited to publicly available materials reviewed. It does not prove that no commercial booking by individual military personnel has ever occurred; rather, no verified institutional or military-service relationship was identified. Ethical Consumer’s general Israel-market-presence deduction does not identify a defence activity, subsidiary, or military connection.22
Named Entities and Evidence Map
- lastminute.com N.V. / lm group: No verified Israeli defence or security contract identified.5
- lastminute.co.il: Commercial travel joint venture; no verified IDF, prison-service, or security-body relationship identified.1, 5
- Issta Lines Group: No evidence identified in the reviewed materials of settlement-tourism, military-tourism, or IDF-linked services.5
- Israeli defence primes: No verified cross-reference to lastminute.com was identified in the reviewed Who Profits, PAX, and Al-Haq materials.5
Digital: Digital
Mechanism of Involvement
No public evidence identified that lastminute.com uses, licenses, integrates, or deploys Israeli-origin surveillance, cybersecurity, biometric, retail-analytics, or intelligence technologies from the vendors reviewed.6 Its documented infrastructure is based on AWS, Kubernetes, Spinnaker, Google Cloud Composer/Apache Airflow, and global travel-distribution platforms rather than named Israeli vendors.20, 21
The Israel-facing lastminute.co.il site runs on lastminute.com’s existing technology platform. No public evidence identified of a dedicated Israeli data centre, local R&D facility, Israeli technology acquisition, Israeli startup investment, academic co-development arrangement, Project Nimbus participation, or Israeli sovereign-cloud service.6
No public evidence identified that lastminute.com has supplied AI, travel-booking, surveillance, analytics, offensive cyber, target-generation, tracking, or intelligence capabilities to Israeli military, intelligence, or law-enforcement bodies.6
Counter-Arguments and Evidence Limits
The company’s strongest defence is that its documented digital activity is civilian online travel intermediation. The joint venture makes use of an existing travel platform, and available sources do not identify technology provision to Israeli state bodies.1, 6
Absence findings should not be read as a complete audit of undisclosed vendors or internal systems. An external attack-surface review cannot reveal every internal subscription or vendor relationship. Nonetheless, no public documentation located by the audit supports an Israeli surveillance, cyber, military, or state-cloud nexus.6
Named Entities and Evidence Map
- AWS / Google Cloud / Kubernetes / Spinnaker: Documented components of lastminute.com’s technology environment.20
- Sabre, Amadeus, Travelport: Documented global-distribution or connector relationships; no Israeli-origin nexus established.21
- lastminute.co.il / Issta: Israel-market joint venture using lastminute.com technology; no local engineering facility or state digital-service relationship verified.1, 6
- Project Nimbus: No public evidence identified of participation.6
Economic: Economic
Mechanism of Involvement
The documented economic nexus is lastminute.co.il, established in March 2021 as a commercial joint venture with Issta Lines Group.1 Company and trade sources describe the arrangement as combining lastminute.com’s technology platform with Issta’s localised presence and commercial agreements in Israel.1 The venture has a Tel Aviv office and an externally reported 11–50 employee range.13
lastminute.com’s consumer sites market travel products for Israel, including Tel Aviv hotels, Israel-wide hotel inventory, vacation packages, flights, and Dead Sea content.15 This supports a documented commercial connection to Israel’s travel market. It does not establish physical-goods sourcing, importer-of-record activity, settlement-product trade, Israeli sovereign-bond holdings, or a distinct Israel-specific revenue stream.14
The available reporting places Israel outside the group’s five named core markets - UK, Germany, France, Spain, and Italy - which collectively accounted for 85% of 2024 revenue. Israel is included within “other countries,” and no public Israel-specific revenue figure was located.14
Counter-Arguments and Evidence Limits
The strongest defence is that the operation is a civilian travel-market joint venture, not a settlement, defence, or state contract. Ownership percentages, capital investment, profit split, and repatriation mechanics were not disclosed in the sources reviewed, so the economic weight of the venture cannot be quantified from public evidence.1, 14
No public evidence identified of lastminute.com selling settlement-origin goods, sourcing Israeli agricultural exports, holding Israeli sovereign bonds or Israel-focused funds, or maintaining an Israel-specific R&D lab separate from the Issta venture.14 Human Rights Watch’s settlement-tourism study examined other platforms and did not evaluate lastminute.com as a covered platform.23
Named Entities and Evidence Map
- lastminute.com N.V. / lm group: Provider of travel platform and participant in the Israel-market venture.1
- lastminute.co.il: Jointly branded commercial OTA presence with Tel Aviv office.1, 13
- Issta Lines Group (TASE: ISTA): Israeli joint-venture partner supplying local market presence and commercial agreements.1
- Freesailors Coöperatief U.A.: Historical controlling or near-controlling shareholder vehicle; no separate Israeli economic exposure identified in reviewed sources.10, 11
Political: Political
Mechanism of Involvement
No public evidence identified of a lastminute.com corporate statement addressing Israel-Palestine, the Gaza war, the October 2023 escalation, or a related political position.24 Its Travel Horizons Report reportedly addressed Middle East conflict as commercial uncertainty affecting destination demand and booking flexibility, without a stated human-rights or political position.25
The confirmed political-territorially relevant fact is commercial operation in Israel through lastminute.co.il. This is not documented as a state partnership, “Brand Israel” campaign, lobbying operation, state honor, or government-linked programme.1, 24 No public evidence identified of lobbying, anti-boycott advocacy, donations to Israeli military-welfare, settlement, or Israel/Palestine advocacy organisations, or conflict-related crisis mobilisation such as donated flights, logistics, cloud services, or infrastructure.24
A Ma’ale Adumim car-hire location page was found. The audit does not treat the page as verified proof of settlement-based bookings or inventory because accommodation listings, dates, and transaction-level evidence could not be confirmed, and the page may be a generic aggregation or SEO page.4
Counter-Arguments and Evidence Limits
The company’s strongest defence is that standard Israel destination pages and the Issta partnership are commercial travel activity, not evidenced political advocacy or settlement operation.1, 15 Neither lastminute.com nor its named brands were identified in the UN OHCHR settlement-business database or AFSC Investigate materials reviewed.2, 3
The absence of database listings does not establish that no potentially relevant listing can ever appear on a travel platform. It does mean that the audit found no verified settlement-specific activity comparable to the documented scrutiny of Airbnb and Booking.com. The unresolved Ma’ale Adumim page should not be hardened into a claim of settlement commerce.4, 23
Named Entities and Evidence Map
- lastminute.co.il: Confirmed Israeli commercial joint venture, not verified as a settlement operation.1, 2
- Issta Lines Group: Israeli travel partner; no public evidence identified of settlement-area activity, IDF institutional ties, or state-partnership status.1, 24
- Ma’ale Adumim page: Car-hire comparison reference only; no confirmed booking or inventory evidence.4
- UN OHCHR / AFSC Investigate: No identified listing for lastminute.com or its named brands in reviewed databases.2, 3
BDS-1000 Score
Method: V6.5.
| Domain | I | M | P | V-Domain Score |
|---|---|---|---|---|
| Military | 0.00 | 0.00 | 0.00 | 0.00 |
| Digital | 0.00 | 0.00 | 0.00 | 0.00 |
| Economic | 5.60 | 6.40 | 6.70 | 4.90 |
| Political | 3.50 | 7.00 | 9.00 | 3.50 |
- V_MAX: 4.90 Avg_OTHERS: 1.17
- BRS Score: 428 Tier: C (Substantial Complicity)
Economic is the maximum domain because the evidence establishes a continuing, named Israeli-market joint venture with an operational office and consumer travel-market activity.1, 13 Political reflects the directness of that confirmed Israel-market presence and the unresolved settlement-location reference, while preserving the audit’s finding that settlement activity itself is not verified.4 The V6.5 method is scale-free, evidence-only, and human-vetted; zero military and digital scores reflect the absence of verified evidence in those domains.
Methodology Note
- Evidence is limited to the four supplied domain audits and their cited source record; claims are not extended beyond what those audits establish.
- Impact (I) assesses the activity type, M assesses scale, and P assesses directness; scores are not a measure of corporate size, popularity, or moral character.
- “No public evidence identified” means the audit’s specified checks did not locate verifiable public support for the proposed nexus; it is not a claim of metaphysical nonexistence.
- Divested, exited, or historically superseded operations are mitigated rather than treated as current conduct where the audit documents that change.
- Entity attribution is specific: a relationship with an Israeli commercial partner does not create transitive liability for unverified conduct by that partner or by unrelated companies.
- Confirmed settlement operations may be relevant to both Economic and Political, but the Ma’ale Adumim reference remains unresolved and is not scored as verified settlement inventory.4
Footnotes
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https://www.travolution.com/news/travel-sectors/travel-agents/lastminute-com-parent-launches-israeli-ota-in-partnership-with-issta-lines-group/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20 ↩21 ↩22 ↩23
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https://www.ohchr.org/en/press-releases/2025/09/un-human-rights-office-updates-database-businesses-involved-israeli ↩ ↩2 ↩3 ↩4 ↩5
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https://www.lastminute.com.au/Car-Hire-In-Maale-Adumim.d6341440.Car-Hire-Guide ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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https://www.whoprofits.org/companies/company/3794 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11
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https://technology.lastminute.com/lastminute-tech-ecosystem/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9
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https://corporate.lastminute.com/investors/governance/board-of-directors/ ↩ ↩2 ↩3
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https://corporate.lastminute.com/2022/06/29/lastminute-com-n-v-to-buy-out-minorities-from-freesailors-with-the-aim-of-backing-its-management-investment-and-incentive-schemes/ ↩ ↩2 ↩3
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https://corporate.lastminute.com/2024/06/07/lastminute-com-increases-free-float-following-a-reorganisation-of-its-shareholder-structure/ ↩ ↩2 ↩3
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https://corporate.lastminute.com/investors/board-of-directors/ ↩
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https://il.linkedin.com/company/lastminute-co-il ↩ ↩2 ↩3 ↩4 ↩5
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https://res.cloudinary.com/lastminute-contenthub/image/upload/v1775057724/DAM/Artwork/lastminute.com/reports_presentations/2026/lastminute.com%20Annual%20Report%202025.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6
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https://www.walderwyss.com/en/news/2021-04-23_erwerb-der-beteiligung-von-fedro-s-a-an-freesailors-cooeperatief-u-a-dem-mehrheitsaktionaer-von-lastminute-com-n-v-six-lmn ↩
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https://www.swissinfo.ch/eng/business/lastminute-com-founder-detained-in-swiss-covid-fraud-probe/47775268 ↩
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https://corporate.lastminute.com/2024/11/06/lastminute-com-announces-the-election-of-alessandro-petazzi-as-new-ceo/ ↩
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https://technology.lastminute.com/devops-and-observability/ ↩ ↩2 ↩3
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https://investors.sabre.com/news-releases/news-release-details/leading-online-travel-agency-lastminutecom-renews-multi-year ↩ ↩2 ↩3
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https://www.ethicalconsumer.org/transport-travel/shopping-guide/ethical-sustainable-travel-companies ↩
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https://www.hrw.org/report/2018/11/20/bed-and-breakfast-stolen-land/tourist-rental-listings-west-bank-settlements ↩ ↩2
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https://corporate.lastminute.com/about-us/our-partners/ ↩ ↩2 ↩3 ↩4
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https://www.travelweekly.co.uk/news/lastminutecom-sees-middle-east-conflict-prompt-rebalancing-of-destinations ↩



