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Possibly, if the air is leaking from the top of the strut it can be repaired. I just had a repair to both front struts on a 2001 S430.
I just had the same issue in my 2001 S430. I was able to avoid a costly strut assembly replacement because my strut could be repaired for nearly 1/2 the cost. Make sure your mechanic checks to see if yours can be REPAIRED vs. REPLACED. If the strut isn't holding air and the leaks are at the TOP of the strut, it can probably be repaired. I also had to replace the pump because the motor burned out working overtime to keep the car raised.