American-born Swaney, representing Hungary via her mother, turned heads when she performed only basic turns without attempting any tricks in qualifying runs on Monday, when she finished dead last.
Swaney's showing raised questions about her qualification for the Olympics via a loophole. But International Olympic Committee spokesman Mark Adams said the 33-year-old deserved her place at the top table of winter sports.
"If you're British you'll know the story of Eddie the Eagle, who soared into everyone's hearts," said Adams. "Not making the best sporting performance but he took part in an elite competition.
In 1988, Eddie "the Eagle" Edwards became Britain's first Olympic ski jump competitor in 60 years, finishing last in both his events.
Also Read
"The two can go together and we saw a really good case there (Swaney). It's a great story, she has a great story to tell, I think, which everyone really, really appreciates."
Cassie Sharpe, gold medal winner in the freestyle halfpipe, defended Swaney.
"I mean, we all know Elizabeth. We've seen her at every World Cup, she's come to do her qualification process for her country," Sharpe said.
"She's put in the time to be at these events. I think, just with the process of her country, she made the cut, she deserves to be here as much as anybody else.
Disclaimer: No Business Standard Journalist was involved in creation of this content