Too bad all this happened to Air Transat, because they have had a good safety record and good reputation up to now.
That statement is only half right. Their safety record is good but their customer service is well know for being quite abysmal, which is why CMM grew so quickly.
MOF all of the discount carriers in Canada have excellent safety records- it would seem that none of them want to go the way of Worldways, which went out of business not long after a DC8 crashed.