In a small bowl, mix olive oil, red wine vinegar, dried rosemary, dried oregano, kosher salt, garlic powder, and black pepper.
Pat lamb chops dry with paper towels.
Brush both sides of each lamb chop generously with the marinade to coat completely.
Let the chops sit at room temperature for 15 minutes.
Preheat the air fryer to 400°F for 3 minutes.
Place lamb chops in a single layer in the air fryer basket without touching.
Cook at 400°F for 12 minutes without flipping.
Check internal temperature with an instant-read thermometer; 135°F for medium-rare.
Remove and rest the chops on a plate for 5 minutes before serving.