In the oven: Place the chicken wings on a baking sheet lined with parchment paper, or a silicon mat. Bake for 30 minutes, flipping the wings halfway through cooking.In the air fryer: Pour the chicken wings into the air fryer basket. Cook on 400° F (200° C) for 20 minutes.
While the wings are cooking, mix together the remaining ingredients in a small saucepan. Bring to a boil over medium-high heat.
Reduce heat to medium-low and continue cooking for about 5 minutes, until the sauce has reduced and thickened slightly.
Remove the baking sheet from the oven. Turn the oven on to broil. Place the top rack on the 2nd row, so it's not too close to the heating element.
Baste the tops of the wings with the honey sriracha sauce and broil the wings for 3 minutes, until a bit of char begins to form. Remove the sheet, flip the wings over, brush the sauce on the tops. Broil again for 3 minutes.In the air fryer, baste the wings and continue cooking for 3 minutes. Turn and baste the other side, cook for 3 minutes.
Remove the wings from the oven or air fryer, toss with additional sauce as desired, and serve.