Alta Bicycle Share Official Statement Regarding PBSC Bankruptcy Protection Filing
Please see the official statement below from Capital Bikeshare’s operator, Alta Bicycle Share, regarding Public Bike System Company’s (PBSC) filing for bankruptcy protection. All jurisdictions participating in Capital Bikeshare are in constant contact with Alta Bicycle Share and we have been reassured that current operations will not be impacted by the PBSC filing. Members can expect to receive the same high level of service Alta has provided Capital Bikeshare members since 2010.
Alta Bicycle Share, Inc. (ABS), the leading operator of bike share systems in the country, has learned that one of its main equipment and technology suppliers, Public Bike System Company (PBSC), has filed for bankruptcy protection. Our systems across the country—in Washington DC, Boston, New York City, Chicago, the Bay Area, Columbus, OH, and Chattanooga, TN—are up and running and ABS will ensure that they continue to operate without interruption. Having served more than 15 million trips to date, we’re focused on continuing to provide a convenient, fast, fun, and affordable means of transit.
Given our plans to expand current systems and launch new systems this year, we’re in constant communication with both PBSC as well as its suppliers to ensure we can do so successfully. Beyond that, we’re unable to discuss the specifics of the filing.