This paper derives the Airborne Induced Polarization (AIP) response of an airborne electromagnetic (AEM) system to a horizontal, thin sheet conductor. A vertical component double-dipole approximates helicopter systems with towed concentric horizontal transmitter and receiver loops in frequency- or time-domain. In time domain, the AIP effect typically shows up as late-time negative data with amplitude 4 to 5 orders of magnitude smaller than the early-time peak of the positive AEM responses. Because of limited bandwidth from the short sample time after the decay of inductive responses, accurate extraction of intrinsic AIP parameters other than a minimum chargeability is almost impossible. Modelling further suggests that AIP effects in double-dipole AEM systems can only be reliably detected from polarizable material in the top few tens of metres. A titanium mineral exploration case history from the Lac Brûlé area, Quebec, Canada illustrates strong spatial coherence of AIP minimum chargeability estimates and their independence from other effects such as conductivity and magnetic susceptibility.