However, the foil arms haven't stood up to tests for the massive loads involved with the vessels.
"It has set us back a few months back for sure, but breaking foils in the America's Cup is not new – we did it in the last campaign – and we are pushing the boundaries on all these items. So it was a setback but not a major one – we can overcome it," Davies told yachtracing.life.
Davies added Team NZ and Luna Rossa designers have come together to put together a solution which is now being implemented.
Davies suggested the introduction of two late entries from Malta and the United States could also affect the scheduling with the first world series regatta set for Cagliari, Italy in October.
"We are working hard to make sure we make the right decisions so that the teams and the boats can be ready to race safely," Davies said.
"It's important that all the teams get time to get to grips with this new concept of boat. Eleven crew is a lot of crew and certainly we are going to be pushing these boats blooming hard."