Hi Brianm,
Basically you would wait for branching.
When the tree has two branches airlayer one and let the other as a "sap sucker" - at least this is how I do.
You airlayer to be sure to have two trees in the end.
If you airlayer on a one branch - you could loose the first pot as it would have no leaves left or bud left for growing - that is a risk I don't take.
I'm waiting myself for my "longue d'aout" to branch to airlayer her - This year should be the year for that around July not too soon, not too late.
I'll probably end buying another lda as mine is really a slow grower - so perhaps a shy tree - I need to figure out - If I end up buying a better lda, I'll burn the first one for revenge.