CASCAIS, Portugal — Good weather allowed the high-tech catamarans of the America's Cup to finally make their promised flying start as a new era of the sailing classic began without two-time winner Alinghi.

Oracle Racing No. 5 won a close fleet race in which the 45-foot long carbon fiber boats tore through Atlantic waters with power, precision and speed. Emirates Team New Zealand even lost one of its sailors around a marker.

The Kiwis raced at 26 mph to win the inaugural speed event for these yachts. This World Series competition got off to a sputtering start Saturday because of light wind.