Composite cylindrical shells interacting with an internal fluid flow are analyzed for stability. It is assumed that the shells have small initial geometrical imperfections. The effect of axisymmetric and nonaxisymmetric initial deflections on the critical speeds of the fluid, which cause static (divergent) or dynamic (flutter) loss of stability, is studied Keywords: composite cylindrical shell, ideal incompressible liquid, critical speed, initial imperfection, divergence, flutter, loss of stability Introduction. The quasistatic (divergent) and dynamic (flutter) loss of stability of elastic cylindrical shells interacting with the internal fluid flow was studied in [2-5, 9, 11-13, etc.]. The relevant results obtained both long ago and in the last two decades are analyzed in [8,9]. It was mainly assumed that the shells are perfect circular cylinders, and their material is described by an isotropic model. Initial geometrical imperfections present in almost every shell structure were neglected. Such imperfections, even if very small, may significantly affect the frequencies of vibrations of shells [6, 10] and the critical speeds of the fluid that cause one type of instability or another [2,4]. This effect is expected to be stronger in composite shells whose dynamic properties are more sensitive to geometrical imperfections compared with metal shells.The present paper studies the instability of composite cylindrical shells (orthotropic model) having small geometrical imperfections and interacting with a fluid flow. We will consider axisymmetric and nonaxisymmetric initial deflections. We will analyze the influence of these initial deflections on the critical speeds of the fluid that cause the shell to lose stability through either monotonic bulging (divergent buckling) or bulging with time-dependent amplitude (flutter buckling).1. To analyze shells with fluid for stability, we will use linearized dynamic equations in mixed form [1-3]: