From SA:
Rescue operation to save yachties
The Press | Monday, 18 February 2008
A rescue operation is under way to save 10 people aboard a French racing yacht 80 miles off the coast of Dunedin, New Zealand
The boat capsized a short while ago.
A police southern communications centre spokesman said a mayday call was received just before 1.40pm.
It was believed the yacht was French and had a crew of 10, but little else was known.
The Wellington-based Rescue Co-ordination Centre (RCC) was handling the emergency.
"We're assisting them with mobilising the water rescue squad from Dunedin," a spokesman told NZPA.
RCC spokesman Ross Henderson told NZPA four helicopters were on their way to the yacht.
Later reports confirm it is Groupama 3.
Bummer.