Tried to update AIR by downloading new version from Adobe site and running it. Update process seems to be okay, but in fact did not work.
Here is the log:
[2014-05-15:16:06:40] Runtime Installer begin with version 13.0.0.111 on Windows 8 x86
[2014-05-15:16:06:40] Commandline is:
[2014-05-15:16:06:40] Installed runtime (13.0.0.83) located at C:\Program Files (x86)\Common Files\Adobe AIR
[2014-05-15:16:06:46] Relaunching with elevation
[2014-05-15:16:06:46] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\aird6e6.tmp\adobe air installer.exe -ei
[2014-05-15:16:06:56] Elevated install completed
[2014-05-15:16:06:58] Launching subprocess with commandline c:\Program Files (x86)\Common Files\Adobe AIR\Versions\1.0\Resources\Adobe AIR Updater -installupdatecheck
[2014-05-15:16:06:58] Runtime Installer end with exit code 0
[2014-05-15:16:06:58] Runtime Installer begin with version 13.0.0.111 on Windows 8 x86
[2014-05-15:16:06:58] Commandline is: -installupdatecheck
[2014-05-15:16:06:58] Installed runtime (13.0.0.111) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2014-05-15:16:06:59] Performing pingback request
[2014-05-15:16:06:59] Pingback request completed with HTTP status 200
[2014-05-15:16:06:59] Starting runtime background update check
[2014-05-15:16:06:59] Begin Background update download from http://airdownload.adobe.com/air/3/background/windows/x86/patch/13.0.0.111/update
[2014-05-15:16:06:59] Unpackaging http://airdownload.adobe.com/air/3/background/windows/x86/patch/13.0.0.111/update to C:\Users\Rolf_2\AppData\Roaming\Adobe\AIR\Updater\Background
[2014-05-15:16:07:00] Runtime update not available
[2014-05-15:16:07:00] Unpackaging cancelled
[2014-05-15:16:07:00] Runtime Installer end with exit code 0
[2015-01-16:12:18:02] Runtime Installer begin with version 16.0.0.245 on Windows 8 x86
[2015-01-16:12:18:02] Commandline is:
[2015-01-16:12:18:02] Installed runtime (15.0.0.356) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-01-16:12:18:09] Relaunching with elevation
[2015-01-16:12:18:09] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air474a.tmp\adobe air installer.exe -ei
[2015-01-16:12:18:20] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-01-16:12:18:27] Runtime Installer end with exit code 7
[2015-01-16:12:49:07] Runtime Installer begin with version 16.0.0.245 on Windows 8 x86
[2015-01-16:12:49:07] Commandline is:
[2015-01-16:12:49:07] Installed runtime (15.0.0.356) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-01-16:12:49:34] Relaunching with elevation
[2015-01-16:12:49:34] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\airbdca.tmp\adobe air installer.exe -ei
[2015-01-16:12:49:51] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-01-16:12:50:24] Runtime Installer end with exit code 7
[2015-05-14:14:50:15] Runtime Installer begin with version 17.0.0.172 on Windows 8 x86
[2015-05-14:14:50:15] Commandline is:
[2015-05-14:14:50:15] Installed runtime (17.0.0.144) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-05-14:14:50:21] Relaunching with elevation
[2015-05-14:14:50:21] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air63b2.tmp\adobe air installer.exe -ei
[2015-05-14:14:50:32] Elevated install completed
[2015-05-14:14:50:35] Launching subprocess with commandline c:\Program Files (x86)\Common Files\Adobe AIR\Versions\1.0\Resources\Adobe AIR Updater -installupdatecheck
[2015-05-14:14:50:35] Runtime Installer end with exit code 0
[2015-05-14:14:50:35] Runtime Installer begin with version 17.0.0.172 on Windows 8 x86
[2015-05-14:14:50:35] Commandline is: -installupdatecheck
[2015-05-14:14:50:35] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-05-14:14:50:36] Performing pingback request
[2015-05-14:14:50:36] Pingback request completed with HTTP status 200
[2015-05-14:14:50:36] Starting runtime background update check
[2015-05-14:14:50:36] Begin Background update download from http://airdownload.adobe.com/air/3/background/windows/x86/patch/17.0.0.172/update
[2015-05-14:14:50:36] Unpackaging http://airdownload.adobe.com/air/3/background/windows/x86/patch/17.0.0.172/update to C:\Users\Rolf_2\AppData\Roaming\Adobe\AIR\Updater\Background
[2015-05-14:14:50:36] Runtime update not available
[2015-05-14:14:50:36] Unpackaging cancelled
[2015-05-14:14:50:36] Runtime Installer end with exit code 0
[2015-06-11:17:15:26] Runtime Installer begin with version 18.0.0.144 on Windows 8 x86
[2015-06-11:17:15:26] Commandline is:
[2015-06-11:17:15:26] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-06-11:17:15:26] Runtime Installer begin with version 18.0.0.144 on Windows 8 x86
[2015-06-11:17:15:26] Commandline is:
[2015-06-11:17:15:26] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-06-11:17:15:27] Runtime Installer begin with version 18.0.0.144 on Windows 8 x86
[2015-06-11:17:15:27] Commandline is:
[2015-06-11:17:15:27] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-06-11:17:15:29] Runtime Installer end with exit code 6
[2015-06-11:17:15:32] Relaunching with elevation
[2015-06-11:17:15:32] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air1986.tmp\adobe air installer.exe -ei
[2015-06-11:17:15:42] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-06-11:17:15:42] Runtime Installer end with exit code 6
[2015-06-11:17:15:44] Runtime Installer end with exit code 7
[2015-06-11:17:15:51] Runtime Installer begin with version 18.0.0.144 on Windows 8 x86
[2015-06-11:17:15:51] Commandline is:
[2015-06-11:17:15:51] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-06-11:17:15:53] Relaunching with elevation
[2015-06-11:17:15:53] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air802f.tmp\adobe air installer.exe -ei
[2015-06-11:17:16:02] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-06-11:17:16:06] Runtime Installer end with exit code 7
[2015-06-11:17:29:44] Runtime Installer begin with version 18.0.0.144 on Windows 8 x86
[2015-06-11:17:29:44] Commandline is:
[2015-06-11:17:29:44] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-06-11:17:29:47] Relaunching with elevation
[2015-06-11:17:29:47] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air5b6.tmp\adobe air installer.exe -ei
[2015-06-11:17:29:57] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-06-11:17:30:01] Runtime Installer end with exit code 7
[2015-06-11:20:28:32] Runtime Installer begin with version 18.0.0.144 on Windows 8 x86
[2015-06-11:20:28:32] Commandline is:
[2015-06-11:20:28:32] Installed runtime (17.0.0.172) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-06-11:20:28:41] Relaunching with elevation
[2015-06-11:20:28:41] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air6579.tmp\adobe air installer.exe -ei
[2015-06-11:20:28:50] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-06-11:20:28:54] Runtime Installer end with exit code 7
[2015-07-09:19:03:25] Runtime Installer begin with version 18.0.0.180 on Windows 8 x86
[2015-07-09:19:03:25] Commandline is:
[2015-07-09:19:03:25] Installed runtime (18.0.0.144) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-07-09:19:03:28] Relaunching with elevation
[2015-07-09:19:03:28] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\aircde0.tmp\adobe air installer.exe -ei
[2015-07-09:19:03:43] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="1618" errorID=5008]
[2015-07-09:19:03:46] Runtime Installer end with exit code 7
[2015-09-25:18:57:12] Runtime Installer begin with version 19.0.0.190 on Windows 8 x86
[2015-09-25:18:57:12] Commandline is:
[2015-09-25:18:57:12] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-25:18:57:15] Relaunching with elevation
[2015-09-25:18:57:15] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air2f5d.tmp\adobe air installer.exe -ei
[2015-09-25:18:57:22] Elevated install completed
[2015-09-25:18:57:25] Launching subprocess with commandline c:\Program Files (x86)\Common Files\Adobe AIR\Versions\1.0\Resources\Adobe AIR Updater -installupdatecheck
[2015-09-25:18:57:25] Runtime Installer end with exit code 0
[2015-09-25:18:57:27] Runtime Installer begin with version 18.0.0.199 on Windows 8 x86
[2015-09-25:18:57:27] Commandline is: -installupdatecheck
[2015-09-25:18:57:27] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-25:18:57:28] Performing pingback request
[2015-09-25:18:57:28] Pingback request completed with HTTP status 200
[2015-09-25:18:57:28] Starting runtime background update check
[2015-09-25:18:57:28] Begin Background update download from http://airdownload.adobe.com/air/3/background/windows/x86/patch/18.0.0.199/update
[2015-09-25:18:57:28] Unpackaging http://airdownload.adobe.com/air/3/background/windows/x86/patch/18.0.0.199/update to C:\Users\Rolf_2\AppData\Roaming\Adobe\AIR\Updater\Background
[2015-09-25:18:58:27] Unpackaging complete
[2015-09-25:18:58:27] Download success
[2015-09-25:18:58:27] Runtime updated downloaded
[2015-09-25:18:58:53] User has selected immediate install of the update
[2015-09-25:18:58:53] Starting runtime background update installation
[2015-09-25:18:58:53] Launching subprocess with commandline C:\Users\Rolf_2\AppData\Roaming\Adobe\AIR\Updater\Background\updater -update
[2015-09-25:18:58:53] Runtime updater successfully launched
[2015-09-25:18:58:53] Runtime Installer end with exit code 0
[2015-09-25:18:58:57] Runtime Installer begin with version 19.0.0.190 on Windows 8 x86
[2015-09-25:18:58:57] Commandline is: -update
[2015-09-25:18:58:57] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-25:18:59:00] Relaunching with elevation
[2015-09-25:18:59:00] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\airc8ba.tmp\adobe air installer.exe -ei
[2015-09-25:18:59:06] Elevated install completed
[2015-09-25:18:59:09] Runtime Installer end with exit code 0
[2015-09-26:13:31:34] Runtime Installer begin with version 19.0.0.190 on Windows 8 x86
[2015-09-26:13:31:35] Commandline is:
[2015-09-26:13:31:35] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-26:13:31:42] Relaunching with elevation
[2015-09-26:13:31:42] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air6ce2.tmp\adobe air installer.exe -ei
[2015-09-26:13:31:52] Elevated install completed
[2015-09-26:13:31:54] Launching subprocess with commandline c:\Program Files (x86)\Common Files\Adobe AIR\Versions\1.0\Resources\Adobe AIR Updater -installupdatecheck
[2015-09-26:13:31:54] Runtime Installer end with exit code 0
[2015-09-26:13:31:55] Runtime Installer begin with version 18.0.0.199 on Windows 8 x86
[2015-09-26:13:31:55] Commandline is: -installupdatecheck
[2015-09-26:13:31:55] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-26:13:31:55] Performing pingback request
[2015-09-26:13:31:56] Pingback request completed with HTTP status 200
[2015-09-26:13:31:56] Starting runtime background update check
[2015-09-26:13:31:56] Begin Background update download from http://airdownload.adobe.com/air/3/background/windows/x86/patch/18.0.0.199/update
[2015-09-26:13:31:56] Unpackaging http://airdownload.adobe.com/air/3/background/windows/x86/patch/18.0.0.199/update to C:\Users\Rolf_2\AppData\Roaming\Adobe\AIR\Updater\Background
[2015-09-26:13:31:59] Unpackaging complete
[2015-09-26:13:32:00] Download success
[2015-09-26:13:32:00] Runtime updated downloaded
[2015-09-26:13:32:11] User has selected immediate install of the update
[2015-09-26:13:32:11] Starting runtime background update installation
[2015-09-26:13:32:11] Launching subprocess with commandline C:\Users\Rolf_2\AppData\Roaming\Adobe\AIR\Updater\Background\updater -update
[2015-09-26:13:32:12] Runtime updater successfully launched
[2015-09-26:13:32:12] Runtime Installer end with exit code 0
[2015-09-26:13:32:15] Runtime Installer begin with version 19.0.0.190 on Windows 8 x86
[2015-09-26:13:32:15] Commandline is: -update
[2015-09-26:13:32:15] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-26:13:32:20] Relaunching with elevation
[2015-09-26:13:32:20] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\airc7d.tmp\adobe air installer.exe -ei
[2015-09-26:13:32:26] Elevated install completed
[2015-09-26:13:32:31] Runtime Installer end with exit code 0
[2015-09-26:13:35:54] Runtime Installer begin with version 19.0.0.190 on Windows 8 x86
[2015-09-26:13:35:54] Commandline is:
[2015-09-26:13:35:54] Installed runtime (18.0.0.199) located at c:\Program Files (x86)\Common Files\Adobe AIR
[2015-09-26:13:35:57] Relaunching with elevation
[2015-09-26:13:35:57] Launching subprocess with commandline c:\users\rolf_2\appdata\local\temp\air6618.tmp\adobe air installer.exe -ei
[2015-09-26:13:36:16] Elevated install failed: returned error code -1
[2015-09-26:13:36:16] Exiting due to error: [ErrorEvent type="error" bubbles=false cancelable=false eventPhase=2 text="Launching elevated sub-installer failed" errorID=5100]
[2015-09-26:13:36:20] Runtime Installer end with exit code 7