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The secondary air system works during a cold start to help the cat converter reach operating temperature faster thus burning cleaner. You probably won't feel a ifference in how the car drives however you should address these codes. It may be a faulty air pump, solenoid or valve but I have seen a few of these vehicles with clogged air passeges in the cylinder head. BMW made a tool to check this becuase that would be an expensive guess. The repair involves disassembling the cylinder heads so this is something I would not recommend you try yourself unless you have experience with engine work. You are better off going and having the pressure checked to see if the ports are in fact clogged.
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