Quadrotors suspended water containers may be used for fire-fighting services. Unfortunately, the complicated dynamics in this type of system degrade the flight safety because of coupling effects among the quadrotor attitude, container swing, and liquid sloshing. However, few effects have been directed at the attitude-pendulum-sloshing dynamics in this type of aerial cranes. A novel planar model of a quadrotor carrying a liquid tank under dual-hoist mechanisms is presented. The model includes vehicle-attitude dynamics, load-swing dynamics, and fluid-sloshing dynamics. Resulting from the model, a new method is proposed to control coupled oscillations among the vehicle attitude, load swing, and fluid sloshing. Numerous simulations on the nonlinear model demonstrate that the control method can reduce the undesirable oscillations, stabilize the quadrotor’s attitude, and reject the external disturbances. The theoretical findings may also extend to the three-dimensional dynamics of quadrotors slung liquid tanks, and other types of aerial vehicles transporting liquid containers including helicopters or tiltrotors.