Conceptually, you could look at it from a first-principles individualist perspective: Almost everyone who rents land, even somebody who purchases a house in the distant woods with solar panels to run an automated hydroponics setup for vegetables and shrimp, would conceptually like to also rent a right over the surrounding ten kilometers of airspace which says, "I do not want enormous masses of metal and high-energy fuel going through this air near my house, unless a prediction market says with extremely high confidence that it won't crash on me." If it was only one individual who thought that way, those air-rights might be pretty expensive to rent; but just about everyone thinks that way, so everyone on the planet can conceptually club up and rent the overlapping air-rights for kilometers around their houses.
Accordingly, you cannot just go to the Ill-Advised Consumer Goods Store, and buy an Ill-Advised Airplane that you can go fly yourself, because something like that doesn't just endanger yourself like buying a few kilograms of heroin. All the cubic kilometers of air around you have had their air-rights rented from Civilization to say, "No amateur flyers here."
Or think of it from the perspective of a coastal city, looking out at kilometers and kilometers of ocean, wondering if some rogue aircraft was going to zip out and crash into a skyscraper. It's not enough to say that it's legal to fly around however you like outside the city borders, but illegal to crash a plane into a skyscraper; because, if somebody does crash into a skyscraper, saying "That was illegal!" and fining them doesn't properly compensate for being true-dead. A city would like the law to be such that you can't bring a plane close to the city, even across kilometers of ocean, unless it's insured against crashing into skyscrapers at really quite a very high disaster-price.
If there was only one city that wanted rules like that, maybe it'd have to buy its own radar equipment and surface-to-air missiles and put up its own surveillance satellite. If there was only one city like that, it would be very expensive to live in a city which could guarantee you against planes crashing into your skyscraper. But actually most cities, nearly all cities really, have a preference like that. They'd like to club up and pay Governance to just keep uninsured aircraft out of all the land and all the ocean.
There's a region, Crashland, where mad inventors go to fly untested aircraft--logically, this is how any aircraft ends up 'tested' in the first place--but even Crashland is owned by a governing-city-state-corporation that laid the building-foundations to be rented, and contracted for an overhead airspace with exceptional rules, so it could resell space to mad inventors. Crashland's regional authority has an interest in being able to sell testing-rights on a schedule where you know your aircraft, or your house, won't be wantonly crashed-into by another untested aircraft.
Unusually scrupulous, conscientious, nitpicky, obsessively rigorous dath ilani who identify as "Chaotic" sometimes worry about this state of affairs, and object to it as having ended up in a de-facto state of rigid inescapable tyranny: Almost the whole planet ended up with one insurance requirement and insurance-requiring regime that's very difficult in practice to evade!
Ordinary dath ilani would mostly roll their eyes about that, though. If you were going to complain about that for air travel, why not complain about it for the nuclear reactor insurance regime, since sufficiently bad nuclear meltdowns could raise background radioactivity around the whole planet? Why not complain about the uniform regime over biotechnology labs?
There's an actual per-capita annual payment that gets made to planetary Governance for the air-rights on the planet, the same way as any other land-rights get rented by the collective population. It's cheap, because nobody is putting counterbids on those rights. In principle, some special interest group or faction could place an opposing bid if they wanted air-rights to work differently, and try to outbid everyone else, if that faction cared more than the rest of the planet collectively did. No such faction has outbid the rest of Civilization on global air-rights. You'd have to be pretty Chaotic to object to that sort of outcome--the sort of unsatisfiable-complainer who whines when a majority of the planetary population wins a bid on any collective feature of reality that can't go both ways.