Kaye, Scholer, Fierman, Hays & Handler, New York City, for Creditors Committee; Stanley T. Lesser, Steven J. Glassman, Menachem Z. Rosensaft, New York City, of counsel., Shea & Gould, New York City, for debt- or-in-possession; Herman Bursky, Richard Czaja, New York City, of counsel., Kramer, Levin, Nessen, Kamin & Soli, New York City, for Manufacturers Hanover Trust Co., Kenneth Eckstein, New York City, of counsel., David Farmer, Los Angeles, Cal., Trustee of Swift Aire Lines,, Sheppard, Mullin, Richter & Hampton, Los Angeles, Cal., for Trustee of Swift Aire Lines, Inc.; David J. McCarty, Los Angeles, Cal., of counsel.