Yes it may work if you have enough Altitude left to pull out without over stressing the wings. Certainly in their position worth a try perhaps.
But a 200 tonne Airbus heading downhill at 10,000 fpm at less than 60 KIAS is going to be near impossible to recover before you hit the surface.
You'd have to roll 90 deg, wait for the nose to drop and the speed to quickly build then hope like he'll there was enough room left to recover without over stressing the wings.......