This is a dream come true.
To run an EXE from AIR, do the following steps:
Install the exe from this Link
Import Flex Project samples, from install dir ex: C:\Program Files\FluorineFx Aperture\Samples
Copy *.dll files (apimaging.dll,apoutlook.dll,apSystem.dll,fluorinepp.dll and msi.dll) to your Flex src directory
Copy your ‘-app.xml’ to ‘C:\Program Files\FluorineFx Aperture\Debug’ location of install dir for debugging or just pack the AIR