In this paper, I will discuss the relevant conventions, treaties and agreements concluded in Public International Aviation Law covering air navigation, air accidents and crime committed on airplanes, and attempt to analyze how countries operate their airspace by entering into commercial agreements for conducting air transport activities. I aim to analyze important aviation conventions such as the Chicago Convention of 1944 and the Montreal Convention of 1999 to understand the evolving concept of sovereignty to understand how international regulations of air accidents are implemented with respect to liability and the damages attached thereunder, and the ramifications of the same on the sovereign control exerted by states. This is to say, how compensation to third parties for damages owing to acts of unlawful interference with aircraft is ascertained.