Vallejo Model Colour will need thinning, Model Air should be around the correct consistancy .
To thin
GW paints, I still use Tamiya thinners.
Either way, the most quoted advice is to aim for a consistancy of milk, although no-one has ever told me if that's full fat, semi-skimmed, or skimmed.

The consistancy that is right for you may also depend on the nozzle you're using. smaller nozzles require thinner paint to prevent clogging.
Personally, I like to play around a little, add a little Lahmian Medium to the mix, and always be prepared to
a) Keep shaking the mixture in the airbrush to prevent settling, and
b) be prepared to adjust the consistancy as you go. Too thin and you'll notice it pulling away from the edges, too thick and you'll be stopping to clear your nozzle all the time.