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(Reuters) - The head of Thailand’s national airline said the country's political crisis had passed and vowed to press ahead with plans to raise cash from the markets this year rather than wait for possible early elections.

Thai Airways International President Piyasvasti Amranand, a former energy minister, said falling demand after violent protests in the capital would cap the airline’s second quarter earnings after a strong start to the year.

“I believe the political situation has returned to normal and the government has dealt with the crisis very well, and we should be facing a period of peace and stability,” Amranand told Reuters Insider television at an industry conference.

Thai Prime Minister Abhisit Vejjajiva said on Sunday a state of emergency would remain in place despite unrest easing but that an election was possible early next year.

Emergency measures were imposed in Bangkok on April 7 and expanded to 23 provinces during the worst political crisis in modern Thai history as “red shirt” antigovernment protests descended into bloody clashes with troops and arson attacks.

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