Sail Emirates.com
Confirmation of Team New Zealand's challenge for America's Cup in 2007 appears to be a step closer with speculation they are about to announce a naming rights sponsor.
Reporting from a meeting of 18 prospective teams in Valencia, the Daily Telegraph's Tim Jeffery said all signs are that Team New Zealand are close to their £55 million ($152 million) budget, with a Middle East airline tipped as title sponsor.