Steady-progressive-wave solutions are sought to the nonlinear wave equation derived previously [J. Fluids Struct. 16 (2002) 597] for flexural motions of an elastic beam traveling in an air-filled tube along its center axis at a subsonic speed. Fluid-structure interactions are taken into account through aerodynamic loading on the lateral surface of the beam subjected to small but finite deflection but end effects and viscous effects are neglected. Linear dispersion characteristics are first examined by exploiting the small ratio of the induced mass to the mass of the beam per unit length. Centered around the traveling speed of the beam, there exists such a narrow range of propagation velocity that the linear steady propagation is prohibited. In this range, it is revealed that some interesting nonlinear solutions exist. The periodic wavetrain is found to exist as the exact solution. Asymptotic analysis is then made by applying the method of multiple scales and the stationary nonlinear Schrödinger equation is derived for a complex amplitude. A monochromatic solution to this equation corresponds to the exact periodic solution. Imposing undisturbed boundary conditions at infinity, it is revealed that the localized solution exists as a result of balance between the linear instability and the nonlinearity. This solution is checked by solving the nonlinear equation numerically. It is further revealed that the amplitude-modulated wavetrain exists not only in the range of the velocity mentioned above but also outside of it.