Preheat the air fryer to 375 degrees F, air fryer setting. In a small bowl, combine olive oil, lemon juice, garlic powder, black pepper, paprika, and salt and whisk until blended; set aside.
Take each ear of corn, stand up vertically, and carefully cut in half straight down with a large, sharp knife. Do this again until each ear of corn is in quarters, lengthwise. Use a pastry brush to coat corn liberally with oil mixture on all sides.
Place pieces of corn in an air fryer basket and set cook ime for 5-7 minutes.
Meanwhile, combine mayo, chipotle peppers, and lime juice; set aside. Once the corn has finished cooking, drizzle with a mayonnaise mixture. Top with cotija and cilantro.