Is Air Native turning bubble into a PWA or is it making real native code for iOS and Android?
Hello @joomkit
Thanks for reaching out.
The Air Native conversion creates a native app that can be published to the stores (App Store, Google Play), and it is making it real native code for both platforms. However, the user does not receive the source code of the app.
In case you have any other questions, just let me know 
Have a great day.