The power to regulate the economic aspect of air transportation is assigned to which authority?

The authority assigned to regulate the economic aspects of air transportation is the Civil Aeronautics Board. This board is responsible for ensuring that air transport services are conducted under fair and reasonable rates, while also protecting the interests of the public. It holds the power to regulate air carrier rates, routes, and overall economic policies related to air transportation, thus playing a critical role in maintaining a balanced and competitive aviation market.

The other entities, while also involved in the aviation sector, focus on different aspects. The Civil Aviation Authority of the Philippines is primarily responsible for the regulation of aviation safety, operational standards, and technical oversight. The Department of Transportation and Communication deals with transportation systems in a broader sense and does not specifically focus on air transportation economics. The Philippine Aerospace Development Corporation mainly facilitates the development of the aerospace industry rather than regulating economic factors of air transportation.