The paper deals with unstable aeroelastic modes for aircraft wing model in subsonic, incompressible, inviscid air flow. In recent author's papers asymptotic, spectral and stability analysis of the model has been carried out. The model is governed by a system of two coupled integrodifferential equations and a two-parameter family of boundary conditions modelling action of self-straining actuators. The Laplace transform of the solution is given in terms of the 'generalized resolvent operator', which is a meromorphic operator-valued function of the spectral parameter λ, whose poles are called the aeroelastic modes. The residues at these poles are constructed from the corresponding mode shapes. The spectral characteristics of the model are asymptotically close to the ones of a simpler system, which is called the reduced model. For the reduced model, the following result is shown: for each value of subsonic speed, there exists a radius such that all aeroelastic modes located outside the circle of this radius centred at zero are stable. Unstable modes, whose number is always finite, can occur only inside this 'circle of instability'. Explicit estimate of the 'instability radius' in terms of model parameters is given.