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Keihäsmatkat

Keihäsmatkat was a Finnish package-tour operator that helped popularize organized leisure travel to Spain and the Canary Islands before going bankrupt in 1974.

Last updated November 4, 2026

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Overview

Keihäsmatkat was a Finnish travel agency and package-tour brand active during the expansion of mass tourism in the 1960s and 1970s. Founded in 1965 by Kalevi Keihänen, the company organized inexpensive, generally week-long holiday flights from Finland to continental Spain and the Canary Islands. Its business was aimed at ordinary Finnish travelers and emphasized accessible overseas vacations rather than specialized cultural travel or luxury tourism. Between 1965 and 1974, the company carried almost 100,000 passengers per year, according to the company’s Wikipedia account. The brand emerged from Keihänen’s earlier business activities. In 1954 he had established Turistimatkat Oy after organizing a bus and camping trip to the European Athletics Championships in Bern, Switzerland. He subsequently managed a car-rental business before creating Keihäsmatkat Oy. The company’s strongest financial period was reportedly 1970–1972, while its greatest public visibility came during its final two years. Keihänen himself became central to the brand’s identity. He was known for conspicuous clothing, flamboyant public behavior and a highly personal approach to promotion, making the founder almost inseparable from the company’s image. Keihäsmatkat’s marketing combined low prices, southern resort destinations, Finnish group identity and an unusually permissive party culture. Advertising promoted the idea that travelers could board an aircraft, have drinks and quickly arrive at a sunny resort. Alcohol consumption was not merely incidental to the product experience; it was a recurring part of the company’s promotional language and holiday mythology. The brand also used publicity in the magazine Hymy, associated with Keihänen’s friend and publisher Urpo Lahtinen. Its approach helped create a recognizable form of Finnish package tourism centered on sociability, nightlife and escape from everyday life, although it was also criticized or remembered for encouraging excessive drinking and for treating local culture as secondary to the tourist party experience. From 1972 to 1974, the company was connected with its own airline, Spear Air Oy. Spear Air operated two Douglas DC-8-32 aircraft, named Härmän Jätkä and Härmän Mimmi, allowing Keihänen’s organization to control or closely associate itself with long-haul charter capacity. The airline and tour operator promoted an entertainment-oriented onboard experience, including the serving of spirits. The branding around these flights reinforced Keihäsmatkat’s distinctive, humorous and deliberately provocative image. The business collapsed in 1974. The immediate commercial environment was made more difficult by the rise in fuel prices following the 1973 oil crisis. Other explanations were advanced by people connected with the companies: Keihänen accused state-owned Finnair of attempting to eliminate a competitor, while Finnair chief executive Gunnar Korhonen rejected the accusation but acknowledged that Finnair and Spear Air competed for the same customers. Veikko Pajunen, Spear Air’s final chief executive, attributed the failure in part to investments that had been made too early and at excessive scale. When Keihäsmatkat ceased operations, approximately 1,800 travelers were reportedly abroad and around 200 employees lost their jobs. Its market share was subsequently absorbed mainly by Aurinkomatkat, Tjäreborg, Vingmatkat and Spies. Keihänen attempted a return to the travel business in 1976 by founding Seiväsmatkat Oy, but the venture did not become a successful successor. The collapse of his companies was followed by criminal proceedings involving tax evasion, bankruptcy offenses and breaches of currency-exchange rules. After a trial lasting more than three years, the Helsinki District Court sentenced him in May 1981 to one year and eight months’ imprisonment with parole. Despite its short life, Keihäsmatkat left a substantial cultural imprint in Finland. Popular songs referred to the company and to the style of travel it represented, while a 1974 advertising cassette connected Finnish schlager performers with the brand’s resort-tourism message. The company’s story was later revisited in the television series Keihäsmatkat, which premiered in 2020. Historically, the brand is remembered both as a pioneering force in Finnish mass tourism and as an example of highly personalized, provocative and financially risky travel entrepreneurship.

History

Keihäsmatkat developed during the period when international leisure travel was becoming accessible to a broader Finnish public. Its institutional predecessor was Turistimatkat Oy, founded by Kalevi Keihänen in 1954 after he organized a bus and camping trip to the European Athletics Championships in Bern, Switzerland. Keihänen later operated a car-rental business, gaining experience in transport and travel services before founding Keihäsmatkat Oy in 1965. The new company specialized in organized flights from Finland to Spain and the Canary Islands. Its principal product was the relatively inexpensive, week-long package holiday: travelers were transported in groups to warm southern resorts and sold an experience built around sun, sociability and nightlife. The company reportedly carried almost 100,000 passengers annually from 1965 through 1974. Its strongest business years were said to be 1970–1972, although its public profile grew even more dramatically during 1973–1974. Keihänen made himself the center of the company’s public persona. His flamboyant clothing and extravagant behavior turned him into a recognizable media figure, while his promotional style gave Keihäsmatkat a character unlike that of more conventional travel agencies. Publicity in the magazine Hymy and collaboration with publisher Urpo Lahtinen helped amplify the brand. Campaigns repeatedly associated the holidays with alcohol, casual sexual themes, Finnish group solidarity and resorts where visitors could party throughout the day. The brand’s famous promotional logic was that the traveler did not need to engage deeply with the destination’s society or culture; the holiday was primarily a shared escape from ordinary Finnish life. The company expanded its transport ambitions through Spear Air Oy, which operated from 1972 to 1974. The airline used two DC-8-32 passenger aircraft, Härmän Jätkä and Härmän Mimmi. The airline allowed Keihänen’s organization to offer a more distinctive charter-flight experience and reinforced the company’s identity as an integrated travel and aviation enterprise. The onboard service and publicity surrounding spirits were part of the spectacle, though later accounts disputed the provenance of the vodka promoted as traditional Finnish liquor. The organization’s expansion coincided with a deteriorating economic environment. The 1973 oil crisis caused fuel prices to rise and placed pressure on aviation and package-tour economics. Keihäsmatkat and Spear Air went bankrupt in 1974. At the time of the collapse, approximately 1,800 customers were reportedly abroad and about 200 employees lost their jobs. The failure generated competing explanations. Keihänen claimed that Finnair, Finland’s state-owned airline, sought to drive out a rival. Finnair chief executive Gunnar Korhonen denied that it had pursued such a policy while acknowledging competition for the same customers. Veikko Pajunen, Spear Air’s final chief executive, also pointed to overly ambitious investment decisions made too early. The company’s former market position was divided among larger or more established competitors, particularly Aurinkomatkat, Tjäreborg, Vingmatkat and Spies. Even so, Keihänen argued that the company’s most important accomplishment had been teaching Finns to use their leisure time for foreign travel. In that respect, Keihäsmatkat helped normalize the package holiday as a mass-market product. Keihänen attempted to re-enter the sector in 1976 with Seiväsmatkat Oy. He planned to raise additional capital through a public share offering, but the effort failed and investors reportedly lost money. The aftermath of the earlier bankruptcies also brought criminal charges concerning tax evasion, bankruptcy offenses and currency-exchange violations. In May 1981, after proceedings lasting more than three years, the Helsinki District Court imposed a sentence of one year and eight months with parole. The Keihäsmatkat phenomenon continued to be remembered through music and television. Finnish schlager songs referred to the company’s trips, while an advertising cassette released in 1974 assembled travel-themed songs and short promotional slogans. The 2020 television series Keihäsmatkat later dramatized or revisited the company’s era. Its historical legacy is therefore dual: it was an early and influential Finnish mass-tourism operator, but also a cautionary example of founder-driven branding, aggressive expansion, alcohol-centered marketing and vulnerability to fuel and financing shocks.

  • 2020

    Television series premieres

    [1]

    The television series Keihäsmatkat premieres and renews public interest in the company’s history.

  • 1981

    Court sentence for Kalevi Keihänen

    [1]

    The Helsinki District Court sentences Keihänen after proceedings concerning tax, bankruptcy and currency-exchange offenses.

  • 1976

    Seiväsmatkat is founded

    [1]

    Keihänen attempts to return to the travel industry through a new company, but the planned public fundraising effort fails.

  • 1974

    Keihäsmatkat and Spear Air enter bankruptcy

    [1]

    The companies collapse amid higher aviation fuel costs after the oil crisis and other financial pressures.

  • 1972

    Spear Air begins operations

    [1]

    The associated airline Spear Air Oy begins operating two DC-8-32 passenger aircraft for the travel organization.

  • 1970

    Peak growth period begins

    [1]

    The company enters the period described as its strongest financially, lasting approximately through 1972.

  • 1965

    Keihäsmatkat Oy is established

    [1]

    Keihänen creates Keihäsmatkat as a dedicated travel agency focused on organized overseas holidays.

  • 1954

    Turistimatkat Oy is founded

    [1]

    Kalevi Keihänen establishes the predecessor company after organizing a bus and camping trip to the European Athletics Championships in Bern, Switzerland.

Products and positioning

Affordable, highly social package tourism for Finnish mass-market travelers, differentiated by sunny southern destinations, charismatic founder-led promotion and an openly party-oriented holiday culture.

  • Package tourism · 1965

    Spain package holidays

    Keihäsmatkat’s core offering was the organized holiday flight from Finland to resorts in continental Spain. Packages generally lasted about a week and were designed for travelers seeking an inexpensive, ready-made overseas vacation. The experience emphasized group travel, warm weather, resort entertainment and nightlife rather than independent touring or cultural immersion.

  • Package tourism

    Canary Islands package holidays

    The company also arranged organized flights and holiday packages to the Canary Islands. These trips extended its southern-resort proposition to destinations associated with reliable warmth, hotels and nightlife. The Canary Islands were promoted as part of the same accessible mass-tourism model that made Spanish package holidays central to the brand.

  • Charter aviation · 1972

    Spear Air charter flights

    Through Spear Air Oy, the organization operated two DC-8-32 passenger aircraft between 1972 and 1974. The aircraft, named Härmän Jätkä and Härmän Mimmi, supported the company’s charter-tourism model and gave the brand a highly visible aviation component. The flights were marketed as part of the distinctive Keihäsmatkat holiday spectacle.

Controversies

  • 1981

    Criminal proceedings involving Kalevi Keihänen

    After the collapse of Keihänen’s companies, he faced charges involving tax evasion, bankruptcy crimes and violations of currency-exchange rules. The Helsinki District Court sentenced him in May 1981 to one year and eight months’ imprisonment with parole.

  • 1974

    Alcohol-centered tourism image and disputed vodka claims

    The company openly associated its holidays and flights with heavy drinking. It promoted liquor described as traditional Finnish vodka from Kihniö, but later accounts stated that the product was inexpensive Spanish vodka from Mallorca. The episode became part of the brand’s broader reputation for provocative and misleading promotional practices.

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Marketing campaigns

  • 1974Kipakasti soi Keihäsellä

    Finland

    Keihänen and Juha Vainio produced an advertising cassette for Finnlevy featuring travel-themed songs by performers including Juha Vainio, Irwin Goodman and Paula Koivuniemi, interspersed with short promotional slogans. The cassette was sold aboard Spear Air aircraft.

    Outcome. The project extended Keihäsmatkat’s advertising into popular music shortly before the company’s bankruptcy.

  • Party-oriented southern resort marketing

    Finland · Spain · Canary Islands

    Keihäsmatkat promoted warm-weather holidays through a provocative mix of low-cost travel, alcohol, nightlife, Finnish identity and sociable group experiences. Its messaging suggested that travelers could leave Finland, drink and quickly arrive at a resort where they would not be alone.

    Outcome. The approach made the company unusually visible and helped popularize package tourism, while also cementing its association with excessive drinking and shallow engagement with destination cultures.

Brand decisions

  • 1976

    Attempted return through SeiväsmatkatStrategy

    Background

    Kalevi Keihänen sought to re-enter the travel market after the bankruptcy of his earlier companies.

    Action taken

    He founded Seiväsmatkat Oy and planned to obtain additional funds by selling shares to the public.

    Aftermath

    The fundraising attempt failed and the new venture did not become a successful successor to Keihäsmatkat.

  • 1974

    Cessation of operations and bankruptcyOther

    Background

    The 1973 oil crisis increased fuel prices and placed pressure on an aviation-dependent package-tour business. The company also faced concerns about the scale and timing of its investments.

    Action taken

    Keihäsmatkat ceased operations and entered bankruptcy, followed soon afterward by Spear Air.

    Aftermath

    Approximately 1,800 travelers were reportedly abroad at the time of the collapse, around 200 employees lost their jobs, and market share moved to competitors including Aurinkomatkat, Tjäreborg, Vingmatkat and Spies.

  • 1972

    Vertical expansion into charter aviationStrategy

    Background

    Keihäsmatkat competed for Finnish holiday travelers and sought greater control over the transport element of its package-tour business.

    Action taken

    The organization operated Spear Air Oy with two DC-8-32 aircraft, integrating a dedicated airline into its travel proposition.

    Aftermath

    The aviation expansion strengthened the brand’s visibility but increased exposure to aircraft, fuel and financing costs. Spear Air followed Keihäsmatkat into bankruptcy in 1974.

    • Finnair — Finnair chief executive Gunnar Korhonen denied Keihänen’s accusation that Finnair sought to eliminate the company, while acknowledging that Finnair and Spear Air competed for the same customers.

Recent events

  • 2020

    Television series Keihäsmatkat revisits the company’s story[1]

    Other

    A television series titled Keihäsmatkat premiered, bringing the founder and the company’s distinctive era of Finnish package tourism back into popular culture.

  • 1974

    Keihäsmatkat and Spear Air collapse into bankruptcy[1]

    Bankruptcy · Other

    Keihäsmatkat ceased operations during a period of sharply higher fuel costs following the 1973 oil crisis. Around 1,800 travelers were reportedly abroad and approximately 200 employees lost their jobs.

Sources1 sources

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