From what i have googled out so far, it seems that we will have to host the flash file(swf) in a website and load the html page in the application in a webview... Is\'nt the
The following URL discusses a related question and has an example of how to load a local SWF into a webview. Of course this requires you to have Flash installed but you don't need the far too big AIR-Package installed.
Screen blinking when using a webview with flash
You're basically going through Adobe AIR for Android apps
Check out http://www.adobe.com/newsletters/edge/august2010/articles/article1/index.html?trackingid=HRTDI or http://cookbooks.adobe.com/post_Package_your_Adobe_AIR_applications_for_Ubuntu_and-17858.html or search for "Air for Android" in Google to get 100's of links