The most common and most likely answer to this crossword clue is the 8 letter word AIRSPACE
I've seen this crossword clue in Financial Times
A
I
R
S
P
A
C
E
More clues leading to the result AIRSPACE
- Gives notice of speed in flight area
- Songs at speed in controlled atmosphere?
- It’s under and over a country’s jurisdiction
- It’s under a country’s jurisdiction, though over it
- Feeling mushy peas around cold room above Iceland, say
- What’s over one’s head? Hat’s upside down in Yorkshire river!
- Room at the top?
- Top-class run with special pilot may take place here
- Shows speed in the area just above the earth
- Monitored zone quickly filled by US tax agency
Buddy explains!

The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does AIRSPACE mean?
AIRSPACE noun- A specified portion of the atmosphere, especially that under the technical aviation control and/or jurisdiction of a particular state over which territory (and territorial waters) it lies.
- That part of the sky designated for the sole use of aircraft.
- Space (i.e. a few neighboring frequencies) available for broadcasting within a particular frequency band.
- The portion of an enclosed area which contains air, especially breathable air.
- The cavity in a cavity wall containing air for insulation.