Administrators at Caterham F1 remain “hopeful” the team will compete at the start of the new season in March.
Talks involving potential new buyers will continue into the New Year after creditors voted in favour of administrators’ proposals at a meeting on Monday.
“Our dialogue with prospective interested parties continues,” Henry Shinners, joint administrator, told Sky Sports News HQ.
“We are grateful to creditors for their endorsement of our strategy and work. We remain hopeful that the Caterham Formula 1 team can be saved and be on the grid in Melbourne for the first race of 2015.”
Following the demise of both Caterham and fellow backmarkers Marussia, only nine teams are currently in place to compete next season. The first race takes place in Australia on March 15, while the first of three pre-season tests will start on February 1.
After going into administration in November, Caterham missed both the United States and Brazilian GPs before returning for the season finale in Abu Dhabi following the launch of a controversial crowdfunding scheme.