“New” GP2 team for 2011 season

According to the press release from the announcement today by Team Lotus’ acquisition of Caterham, they will apply for permission to rebrand Team AirAsia with the legendary sportscar brand.

Air Asia will remain as the team’s lead sponsor, team boss Tony Fernandes announced today.

The move may be a predecessor for what is to come in F1 circles, as a verdict on the Lotus brand is soon to be announced.