sjh:
There is no practical way that I know of to separate dissolved gas within a liquid while the system is pressurized. There are some possibilities that you may investigate such as membrane technology and adsorption, but if the quantity of water is far greater than the dissolved air, I believe you'll find these alternative to be impractical and uneconomical. This only leaves you with what is conventionally done in industrial applications: flashing down to 2-phase conditions and using mechanical means to effect the separation (which is what you say you are doing now).
Gas stripping is not possible without a pressure difference. You state that you can't accept a de-pressurization, so that is out of consideration. As I stated above, this is the mechanical conventional method of choice - but it requires a de-pressurization of the system.
A mechanical air separator will not work because the dissolved air will remain in solution. The pressure in the system is what keeps the air in solution, not a physical change in the piping configuration. The pressurized water will retain its dissolved air no matter what the piping or equipment configuration is.
A theoretical method would be to have the air react with an ingredient in the water - but you will find that 80% of the air (Nitrogen) is essentially inert and this theory has holes because of that. Adsorption would require the addition of solids and this could become a mess. You inherit the batch operation characteristic and the regeneration requirements as well. Without any more basic data and specific scope of work from you, I believe you are stuck with flashing down to atmospheric and mechanically separating the included air with a vacuum. The same technique that is used in Power Plants to "de-aereate" boiler feed water.
I hope this explanation helps out.
Art Montemayor
Spring, TX