Some of investment banking’s marquee names are competing to run Puerto Rico’s main airport under a privatization plan that’s part of a Federal Aviation Administration pilot program.

The Puerto Rico Public-Private Partnership Authority, or P3 Authority, is about to select three finalists among 12 consortiums for a concession of up to 50 years to operate the Caribbean’s busiest airport, Luis Muñoz Marin International, or LMM, just outside San Juan.

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