The consolidated statements of cashflows for Cargojet Inc. are in Exhibit 5.24. The company provides domestic air cargo services between 14 major Canadian cities and also operates international routes for cargo customers. EXHIBIT 5.24 Cargojet Inc.'s 2020 Consolidated Statements of Cash Flows CARGOJET INC. Consolidated Statements of Cash Flows Year ended December 31, 2020 and 2019 (in millions of Canadian dollars) Cash flows from operating activities Net (loss) earnings Adjustments to reconcile net cash from operating activities Depreciation of property, plant and equipment and amortization of contract assets Share-based compensation Note 2020 2019 $ (87.8) $ 11.6 5,8 109.1 94.0 11 32.9 10.5