Is there an adapter to use Apple Pencil 1 with IPad Air 5th Generation

The first generation Apple Pencil is fundamentally incompatible with the iPad Air5.

Here is Apple’s definitive compatibility list for Apple Pencil and iPad:

Apple Pencil compatibility - Apple Support

The first and second generation Pencil use an entirely different pairing and charging interface. 

The second generation Pencil can only be used with iPad models that have the magnetic/inductive dock that is exclusively designed for the Pencil. Charging is controlled via the iPad magnetic dock.

The first generation Apple Pencil uses the physical Lightning port of the Pencil and host iPad for both pairing and charging the first generation Pencil. The first generation Pencil can also be charged using an inline charging adapter and the iPad’s Power Adapter. This pencil can only be used with compatible iPad models that have a Lightning connector; with the sole exception of the new iPad10, requiring a special adapter, iPad models that feature a USB-C port lack any means by which to pair with a first generation Pencil.

In summary, the Apple Pencil models are not interchangeable - and can only be used with the iPad that has appropriate internal hardware.

No just like you can't use an Apple Pencil 1 with an iPad Pro. Its not designed to work with one another.

No.

You need to purchase the newer, more expensive Apple Pencil 2.

Both versions of the Pencil charge and Bluetooth pair differently.

Sorry.