The new airport in Huaihua city, which was financed by the municipal government and Kweichow Moutai Group, a famous Maotai liquor producer and seller, is set to open on October 31, Yicai.com reported.

The airport is located approximately 16 kilometers from the city center, in Guizhou province. It is designed and built based on the 4C standard, and features a 2,600-meter runway, a 15,000 square-meter terminal and four station sites which can accommodate Boeing 737 and Airbus A320 aircraft.

The total budget for the project was 2.437 billion yuan (US$370 million).

On opening day, the airport will launch 18 new routes, the report said. And on November 11, 12 more new routes connecting to major capitals or tourism cities, including Shanghai, Sanya and Zhengzhou, will be added.

By 2020, the airport is expected to carry 350,000 passengers and 3,500 tonnes of cargo, with an annual aircraft movement of 4,167 sorties.

Aside from Huaihua city airport, the Moutai Group has been diversifying its business interests by investing in tourism attractions, 4D theatres and ecological agriculture projects.

Li Baofang, the general manager of the firm, said they plan to make finance the second major business of the group.