I use Dorland's artist's wax medium to mix into my oils, on the palette, to provide a matte finish, with varying amounts, based on the specific paint, and trial and error. Not sure about using it in an airbrush, though. I know there are those who have used oils in an airbursh, but it's a bit out of the ordinary. Not sure if you could use a wax medium in oils thinned for the airbrush, and still get the solution thinned enough not to clog the nozzle when spraying.
Prost!
Brad
PS--Sorry, on rereading, I'm not sure my post is that relevant, I'm really talking about another method of achieving a matte finish with oils, not specifically about using W&N's matte varnish.
I do use a matte varnish, but with scale models, over enamels and acrylics, and that's Testor's DulCote, right out of the can.