During recent years intensive research activities involving both experimental and modeling approaches have appeared for different aspects of Lithium-air (Li-air) battery. Multi-phase transport phenomena including dissolved oxygen and lithium ions (Li+) in the liquid electrolyte, as well as electrons in the solid materials, are strongly coupled with the porous structures and various reactions, particularly the solid product grown in the porous cathode during battery discharge. Understanding the mechanisms of transport phenomena and accurate evaluation of effective transport properties are significant for improving the battery capacities and design, especially at high rate conditions. In this paper, the transport governing equations commonly used for macroscopic continuum models at porous-average level are outlined and highlighted, with a purpose to provide a general overview of the validity and the limitation of these approaches. The most often used models in the open literature are reviewed and discussed focusing on the effective properties involving tortuosity factors, solid product morphologies, as well as effects on the void space clogging, surface area reduction and passivation. Comments and suggestions are also provided for better understanding of multi-phase transport phenomena and implementation of the detailed models for solid product generation and morphology growth in Li-air battery cathodes.