All flights have been cancelled and a buyer is being sought. The move comes after the CASA grounded almost all of the airline's aircraft on Friday. 

David Winterbottom and Sebastian Hams of KordaMentha were appointed receivers and managers of the Canberra-based airline. 

Brindabella had offered services to Cobar, however based on Friday's decision to ground the planes patrons were told to use NSW TrainLink return coach services between Cobar and Dubbo. 

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In the statement on Sunday Mr Winterbottom advised that Brindabella would no longer be accepting bookings, and all further flights will be suspended indefinitely. 

Mr Winterbottom also indicated the Receivers would be calling for immediate expressions of interest in the sale of the business, however the business would not continue to operate whilst the sale process is conducted.

“Given the approaching Christmas and New Year period we will be working very hard to minimise the inconvenience to customers and importantly, enable alternative travel options,” Mr Winterbottom said. 

Brindabella maintained services from Canberra, Sydney and Brisbane to regional destinations including Newcastle, Cobar, Coffs Harbour, Moree, Mudgee, Narrabri, Newcastle, Orange and Tamworth.

Recently Brindabella have experienced significant maintenance and regulatory issues which have impacted aircraft availability and services.

Brindabella customers can find more information in the creditor section of www.kordamentha.com, including contact numbers for further enquiries.

Read the full statement here.