UPDATE 1-Aircraft lessor Aircastle to be bought in $2.4 bln deal

(Adds details on the deal)

Nov 6 (Reuters) - Aircastle Ltd said on Wednesday Japan-based Marubeni Corp and Mizuho Leasing Co Ltd had offered to buy the aircraft lessor in a deal valued at $2.4 billion.

The cash offer of $32 per share is at a premium of 16% over Aircastle's Tuesday close. Marubeni has a 29% stake in Aircastle as of Oct. 23 that is currently valued at about $600 million.

The company said in October it was exploring options including a sale.

The deal, which is valued at $7.4 billion including debt, is expected to close in the first half of 2020, Aircastle said.

Citigroup Global Markets Inc will serve as financial adviser to Aircastle. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli and Anil D'Silva)