13G Filing: Onex Corp and Fly Leasing Ltd (NYSE:FLY)

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This Amendment No. 1 to Schedule 13G (Amendment No. 1) relates to American Depository
Shares, each representing one Common Share, par value $0.001 per share (Common Stock) of Fly Leasing Limited, a Bermuda corporation (the Issuer), and amends and supplements the Schedule 13G previously filed
by Onex Corporation and other reporting persons with the Securities and Exchange Commission (SEC) on January 9, 2013 (the Schedule 13G).

This Amendment No. 1 amends the Schedule 13G, as set forth below.

Item 2(a). Name of Person Filing:

Item 2(a) is hereby amended and restated in its entirety as follows:

Onex Corporation, Onex Partners III GP LP, Onex Partners GP Inc., Onex US Principals LP, Onex American Holdings GP LLC, Onex American Holdings
II LLC, Onex Partners III PV LP, Onex Partners III Select LP, Onex Partners III LP, New PCo II Investments Ltd., and Gerald W. Schwartz (collectively, Reporting Persons) are filing this statement jointly, pursuant to the provisions of
Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. See Exhibit 99.1 for their Joint Filing Agreement.

Item 2(b). Address
of Principal Business Office or, if None, Residence:

Item 2(b) is hereby amended and restated in its entirety as follows:

The address for the principal business office of each of Onex Corporation, New PCo II Investments Ltd., and Gerald W. Schwartz is:

161 Bay Street P.O. Box 700

Toronto, Ontario, Canada M5J 2S1

The address for the principal business office of each of Onex Partners III GP LP, Onex Partners GP Inc., Onex Partners III PV LP, Onex
Partners III Select LP and Onex Partners III LP is:

712 Fifth Avenue

New York, New York 10019

The
address for the principal business office of each of Onex US Principals LP, Onex American Holdings GP LLC and Onex American Holdings II LLC is:

421 Leader Street

Marion, Ohio
43302

4. Ownership.

Item 4 is hereby amended and restated in its entirety as follows:

The information below is based on holdings as of December 31, 2016. The number of shares of Common Stock reported herein are held as American Depositary
Shares.

(a) Amount beneficially owned:

Onex Corporation			2,427,732	(1)
Onex Partners III GP LP			1,806,537	(2)
Onex Partners GP Inc.			1,806,537	(3)
Onex US Principals LP			5,241	(4)
Onex American Holdings GP LLC			5,241	(5)
Onex American Holdings II LLC			5,241	(6)
Onex Partners III PV LP			21,746	(7)
Onex Partners III Select LP			5,517	(8)
Onex Partners III LP			1,715,470	(9)
New PCo II Investments Ltd.			15,744	(10)
Gerald W. Schwartz			2,443,476	(11)

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