Does final cut 5 work on 10.7 lion as it was but i bought a new macbook air and it won't install now ?

does final cut 5 work on 10.7 lion as it was but i bought a new macbook air and it won't install now ?
i had it work on my second gen mba but now it wont work

Hi David
I meant to say 5.1 the problem I've got is it's saying it does support ppc software but I have got the intel version but for some reason won't install from disc but if I transfer from time-machine backup it works
But then it won't read my project it's so strange just don't get it 

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