This paper studies the power density limits of propulsion motor for electric aircraft considering thermal aspects and breakdown voltage reduction of insulation. The study em-ploys multi-objective optimization (MOO) to explore various mo-tor cooling options and filter configurations. The results show that motors with direct winding heat exchanger (DWHE) can reach higher specific power, while those equipped with water jacket cooling (WJC) offer a moderate design with simpler structure. Furthermore, the impact of sine wave and dv/dt filters on electric motors design is studied. The findings demonstrate that dv/dt filters enable designs with higher overall specific power compared to sine wave filters. Through simulations, this study identify the challenge faced by aviation motor design in significantly increased insulation thickness, necessitating advanced insulation materials with a minimum thermal conductivity of 5 W/(m.K) to facilitate a high specific power design. Based on this assumption, a preliminary design of 9.6 kW/kg with an efficiency of 98% is presented.