09:49 AM EST - Onex Corporation : announced that it has agreed to acquire a 50% interest in BBAM, the world's third largest manager of commercial jet aircraft, for $165 million. All amounts in U.S. funds unless stated otherwise. The transaction is expected to close by the end of 2012 subject to certain conditions and approvals. Onex will acquire a 35% interest in BBAM from BBAM's management team and a 15% interest in BBAM from FLY Leasing Limited, a leading global lessor of commercial jet aircraft managed by BBAM with 110 aircraft on long-term operating leases to 53 airlines in 29 countries. Onex Corporation
shares T.OCX are trading down $0.02 at $40.68.
