The exact number of aircraft to be ordered and the potential value of the contract were still under discussion with the talks mainly for the A350-1000, the largest aircraft in the A350 range, the WSJ said, citing two people familiar with the talks.
The financial daily cited one of the people as saying the order could also include the smaller A350-900.
If a deal is agreed, it would be a win for Airbus over Boeing which is trying to sell British Airways the next version of its popular 777 wide-body, the paper reported.
However, the Journal said British Airways, which already has a large fleet of Boeing 777s, could still order the revamped 777X.
British Airways mainly operates Boeing aircraft on long-haul routes with its current Airbus planes, mainly from the A320 family, used for short-haul.
The company also has 12 Airbus A380 super-jumbos on order.
Airbus was not available for comment. An IAG spokeswoman declined to comment.
(Reuters)
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