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Bixi Files for Bankruptcy, But Bike-Share Goes On

The company's bike-sharing systems are in place in cities all over the world. So what happens next?
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By the time it happened, it seemed almost inevitable. On January 20, the Bixi bike-sharing company, based in Montréal, announced that it was filing for bankruptcy protection, citing debts totaling about $49 million, including a total of nearly $38 million from the city of Montréal. 

Bixi, also known as Public Bike System, is based in Montréal, but its reach extends around the globe, with systems in place in more than a dozen cities in North America, Europe, and Australia, mostly operated by third parties. Mia Birk, vice president of Alta Bicycle Share, which operates eight Bixi-provided bike-share systems in the United States and Melbourne, Australia, said in an email shortly after the bankruptcy announcement that operations of those systems would be unaffected.