i just tried on a fresh Fedora 15 vm and the install was successful after...
needed to chang permissions on the bin file
note: chmod 755 AdobeAIRInstaller.bin
first error: rpmbuild command was missing
note: i had to install the auto-buildrequired package
-can you make sure rpmbuild command is on your system?
second error: needed to run as administrator.
note: i did not set up a sudoers list so i su root
-would you mind to try this method?
thanks...