Asymptotic-in-time feedback control of a panel interacting with an inviscid, subsonic flow is considered. The classical model [21] is given by a clamped nonlinear plate strongly coupled to a convected wave equation on the half space. In the absence of imposed energy dissipation the plate dynamics converge to a compact and finite dimensional set [16,17]. With a sufficiently large velocity feedback control on the structure we show that the full flow-plate system exhibits strong convergence to the stationary set in the natural energy topology. To accomplish this task, a novel decomposition of the nonlinear plate dynamics is utilized: a smooth component (globally bounded in a higher topology) and a uniformly exponentially decaying component.Our result implies that flutter (a periodic or chaotic end behavior) can be eliminated (in subsonic flows) with sufficient frictional damping in the structure. While such a result has been proved in the past for regularized plate models (with rotational inertia terms or thermal considerations [14,32,39,40]), this is the first treatment which does not incorporate smoothing effects for the structure.