Bonza's aircraft fleet is grounded until at least Friday as administrators discuss the future of the embattled airline and about 150 employees.
The announcement comes one day after the regional carrier, based out of Queensland's Sunshine Coast, went into voluntary administration and appointed an external administrator.
The snap move on Tuesday morning threw the travel plans of thousands of passengers into disarray as many turned up to airports only to be told Bonza flights had been cancelled.
In a statement on Wednesday afternoon, the administrators said they were "not in a position to process or issue refunds at this time".
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