java applets in air apps?

I'm beginning an intranet app that depends on a 3D display that runs as a java applet. I'm just discovering AIR, and it looks amazing, so I hope it will support inclusion of java applets in html-based projects. Unfortunately this project requires it (I haven't found a non-java-based solution capable of interactive uv-mapped 3D object display, and am open to suggestions). If AIR can support it, I'm all in.

Thanks!