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You are correct in most cases. However, there are relay stations and booster pumps. In the district I am in, they use towers and booster pumps. The air can be caused by the cavitaion of the booster pump.
I am at the end of a water main and I get air everytime the electric goes out and sometimes when it don't. I was just adding my $.02.
The tower would make a great house if you didnt' mind all the damn stairs.
Hank