Majic man - indeed, you are correct. BUT, air bubbles will be present at lower temperatures than 212F (water boiling point). Both air bubbles and steam bubbles will get bigger as the temperature rises, due to expansion. They will both release easier, due to a lower viscosity and the larger bubble size, but the really small, foam bubbles still cannot escape.
Air bubbles can be minimized by a sensible stirring technique. The fine bubbles that cannot escape, will have to be removed, scraped off the surface with a spoon or suitable tool. It is pointless to continue stirring, hoping the bubbles will go away, they can't, and all you are doing is forcing them down, so that they once again, have to rise to the top.
If the foam is bad, I suggest letting it settle at around 250F, then remove the foam and continue.
Dave