They won't! the loss making LH will be culled and the SH will be offered to investors. Of course, the LH leasing companies that are also shareholders may be offered pro rata shares in any revamped SH venture just to stop them voting against the proposals put to creditors and the plug being pulled. This process will only work if the majority of creditors accept the plans and the court are sure that the company can survive.. any doubt is no doubt as they say in the sim!