The linear stability for multi-dimensional perturbations of solitary w
aves in an incompressible liquid containing small gas bubbles is inves
tigated here. A linear spectral problem for perturbations is obtained
and, using a formal asymptotic expansion, the existence of its eigenva
lue in the right half-plane is proved. This means that the perturbatio
ns increase exponentially in time, and hence, the solitary waves are l
inearly unstable.