Lamb Rib Chops with Quick Cherry Pan Sauce

Name: Lamb Rib Chops with Quick Cherry Pan Sauce
Ingredients: 3 tablespoons all purpose flour; 3/4 teaspoon coarse kosher salt; 1/2 teaspoon freshly ground black pepper; 8 3/4- to 1-inch-thick lamb rib chops; 1 tablespoon butter; 1 tablespoon olive oil; 1 medium red onion, halved, thinly sliced (about 2 cups); 1 cup unsweetened black cherry juice; 1 cup halved pitted fresh Bing cherries or other dark sweet cherries (about 7 ounces whole unpitted cherries); 1/3 cup thinly sliced fresh basil, divided