Gents,
I figured it out. I had to delete all the folders associated with it and restarted the sim. Now my update fully completed and am running version 1.0.1. The folders I deleted was:
C:\Users\yourname\AppData\Local\Packages\Microsoft.Limitless_8wekyb3d8bbwe\LocalCache\Packages\Official2024\OneStore\inibuilds-aircraft-a340
C:\Users\yourname\AppData\Local\Packages\Microsoft.Limitless_8wekyb3d8bbwe\LocalState\WASM\MSFS2024\WASM...