Cordova 3.4.1 + FileTransfer 0.4.0 on iOS 7.1.2 fails to upload large files (> 200MB)

function testUpload() {
   // Get file URL to video file. In this case I used a 520MB file
    var imageURI = "file:///Users/shazron/Downloads/video.mp4";
    var options = new FileUploadOptions();
    options.fileKey = "file";
    options.fileName = imageURI;
    options.mimeType= "video/mp4";
    options.chunkedMode = true;
    
    var ft = new FileTransfer();
    
    ft.onprogress = function(progressEvent) {
        var loaded = Number(((progressEvent.loaded / progressEvent.total) * 100).toFixed(1));
        console.log(loaded);
    };
    
   // upload to local server, use https://github.com/apache/cordova-labs/tree/cordova-filetransfer
    ft.upload(imageURI, encodeURI("http://localhost:8000/upload"), successUploadFileToServ, failUploadFileToServ, options);
}

function successUploadFileToServ(r) {
    console.log('Success FileTransfer method upload.');
    console.log(r);
    
    navigator.notification.alert('Video file has been successfully loaded', null, 'Upload file', null);
}

function failUploadFileToServ(error) {
    console.log('Error FileTransfer method upload.');
    console.log(error);
    
    navigator.notification.alert('FileTransfer: Code = ' + error.code + '; Sourse = ' + error.sourse + '; Target = ' + error.target + '; http_status = ' + error.http_status, null, 'Error Upload file', null);
}