Once again, the Arrows team has failed to show up for a grand prix. However, FIA issued the following statement today, indicating that it is not yet prepared to strip the UK based team of its rights to be part of the world championship:

“The FIA has noted the continuing failure of Orange Arrows to participate in recent Formula 1 events.

If this failure were due to insolvency, Arrows would lose its rights under the Concorde Agreement. However, at present the FIA has no hard evidence that Arrows’ absence is due to insolvency rather than to some other cause.

In the circumstances, the FIA intends to wait until various negotiations and proceedings relating to Arrows have been concluded before considering any formal action.”