This work investigates the effectiveness of a shape-memory alloy (SMA) in controlling the instabilities of triangular composite plates under supersonic flow. Lagoudas’ quadratic polynomial hardening theory models the SMA effect. First-order piston theory was used for the aerodynamic modeling, and the reference-temperature method was used for modeling the thermal heating. The buckling and post-buckling behaviors were studied for different boundary conditions with four different layups. In addition, buckling and post-buckling of the composite plate, with and without shape memory alloy wire, has been studied. The effect of SMA wire on aeroelastic instabilities is accurately studied. The embedded SMA wire significantly increased the stability region (postpone divergence and flutter velocities) and buckling temperature. Also, the time responses of the triangular composite plate are determined at different Mach numbers, showing that by increasing the Mach number, the SMA wire can control or decrease the vibration amplitudes.