Aircastle Ltd.'s board is evaluating strategic alternatives, which may include a sale of the company.

Aircastle has received preliminary nonbinding expressions of interest from multiple third parties regarding a potential deal. While the company said it is engaged in preliminary discussions related to those nonbinding expressions of interest, there can be no assurance of a transaction or any potential terms or timing.

Aircastle retained Citigroup Global Markets Inc. as its financial adviser and Skadden Arps Slate Meagher & Flom LLP as its legal adviser in the ongoing review.