For some reason Adobe only supported Linux until Adobe AIR 2.6.

Download Adobe Air

Download Latest Version Air 2.6.0 For Linux http://airdownload.adobe.com/air/lin/download/2.6/AdobeAIRInstaller.bin (16,1 MB) wget http://airdownload.adobe.com/air/lin/download/2.6/AdobeAIRInstaller.bin

Install ia32-libs

The ia32-libs 32bit crap is needed if you want to run this in 64-bit Ubuntu.

sudo apt-get install ia32-libs

Install Adobe Air

chmod +x AdobeAIRInstaller.bin
sudo ./AdobeAIRInstaller.bin

You might get an error saying:

“Sorry, an error has occured. Adobe AIR could not be installed. Install either Gnome Keyring or KDE KWallet before installing Adobe AIR.

Then you need to link a few files:

Locate libgnome-keyring.so

locate libgnome-keyring.so
(my result, yours might differ)
/usr/lib/i386-linux-gnu/libgnome-keyring.so.0
/usr/lib/i386-linux-gnu/libgnome-keyring.so.0.2.0
/usr/lib/x86_64-linux-gnu/libgnome-keyring.so.0
/usr/lib/x86_64-linux-gnu/libgnome-keyring.so.0.2.0
sudo ln -s /usr/lib/x86_64-linux-gnu/libgnome-keyring.so.0 /usr/lib/libgnome-keyring.so.0

Retry install

chmod +x AdobeAIRInstaller.bin
sudo ./AdobeAIRInstaller.bin
sudo rm /usr/lib/libgnome-keyring.so.0