diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 4f29e30666c0c7..98f38296278717 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.41.0
+current_version = 0.42.0
 commit = False
 tag = False
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-[a-z]+)?
diff --git a/docs/operator-guides/upgrading-airbyte.md b/docs/operator-guides/upgrading-airbyte.md
index 6e75e388fba569..efd114019bc1a6 100644
--- a/docs/operator-guides/upgrading-airbyte.md
+++ b/docs/operator-guides/upgrading-airbyte.md
@@ -33,7 +33,7 @@ If you use custom connectors, this upgrade requires all of your connector specs
 
 :::note
 
-Airbyte version 0.41.0 or later requires [Docker Compose V2](https://docs.docker.com/compose/compose-v2/) to be [installed](https://docs.docker.com/compose/install/) before upgrading.
+Airbyte version 0.42.0 or later requires [Docker Compose V2](https://docs.docker.com/compose/compose-v2/) to be [installed](https://docs.docker.com/compose/install/) before upgrading.
 
 :::
 
@@ -109,7 +109,7 @@ If you are upgrading from (i.e. your current version of Airbyte is) Airbyte vers
    Here's an example of what it might look like with the values filled in. It assumes that the downloaded `airbyte_archive.tar.gz` is in `/tmp`.
 
    ```bash
-   docker run --rm -v /tmp:/config airbyte/migration:0.41.0 --\
+   docker run --rm -v /tmp:/config airbyte/migration:0.42.0 --\
    --input /config/airbyte_archive.tar.gz\
    --output /config/airbyte_archive_migrated.tar.gz
    ```
diff --git a/gradle.properties b/gradle.properties
index 03bbedce084e96..ef2003c0369f53 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-VERSION=0.41.0
+VERSION=0.42.0
 
 # NOTE: some of these values are overwritten in CI!
 # NOTE: if you want to override this for your local machine, set overrides in ~/.gradle/gradle.properties
diff --git a/octavia-cli/Dockerfile b/octavia-cli/Dockerfile
index e00dcee12a88a7..cf2d13580dfe5e 100644
--- a/octavia-cli/Dockerfile
+++ b/octavia-cli/Dockerfile
@@ -14,5 +14,5 @@ USER octavia-cli
 WORKDIR /home/octavia-project
 ENTRYPOINT ["octavia"]
 
-LABEL io.airbyte.version=0.41.0
+LABEL io.airbyte.version=0.42.0
 LABEL io.airbyte.name=airbyte/octavia-cli
diff --git a/octavia-cli/README.md b/octavia-cli/README.md
index 11c189facfe21f..80c2bea93a7983 100644
--- a/octavia-cli/README.md
+++ b/octavia-cli/README.md
@@ -104,7 +104,7 @@ This script:
 ```bash
 touch ~/.octavia # Create a file to store env variables that will be mapped the octavia-cli container
 mkdir my_octavia_project_directory # Create your octavia project directory where YAML configurations will be stored.
-docker run --name octavia-cli -i --rm -v my_octavia_project_directory:/home/octavia-project --network host --user $(id -u):$(id -g) --env-file ~/.octavia airbyte/octavia-cli:0.41.0
+docker run --name octavia-cli -i --rm -v my_octavia_project_directory:/home/octavia-project --network host --user $(id -u):$(id -g) --env-file ~/.octavia airbyte/octavia-cli:0.42.0
 ```
 
 ### Using `docker-compose`
@@ -711,8 +711,8 @@ You can disable telemetry by setting the `OCTAVIA_ENABLE_TELEMETRY` environment
 
 | Version | Date       | Description                                                                           | PR                                                          |
 | ------- | ---------- | ------------------------------------------------------------------------------------- | ----------------------------------------------------------- |
-| 0.41.0  | 2022-10-13 | Use Basic Authentication for making API requests                                      | [#17982](https://github.com/airbytehq/airbyte/pull/17982)   |
-| 0.41.0 | 2022-08-10 | Enable cron and basic scheduling                                                      | [#15253](https://github.com/airbytehq/airbyte/pull/15253)   |
+| 0.42.0  | 2022-10-13 | Use Basic Authentication for making API requests                                      | [#17982](https://github.com/airbytehq/airbyte/pull/17982)   |
+| 0.42.0 | 2022-08-10 | Enable cron and basic scheduling                                                      | [#15253](https://github.com/airbytehq/airbyte/pull/15253)   |
 | 0.39.33 | 2022-07-05 | Add `octavia import all` command                                                      | [#14374](https://github.com/airbytehq/airbyte/pull/14374)   |
 | 0.39.32 | 2022-06-30 | Create import command to import and manage existing Airbyte resource from octavia-cli | [#14137](https://github.com/airbytehq/airbyte/pull/14137)   |
 | 0.39.27 | 2022-06-24 | Create get command to retrieve resources JSON representation                          | [#13254](https://github.com/airbytehq/airbyte/pull/13254)   |
diff --git a/octavia-cli/install.sh b/octavia-cli/install.sh
index c26d8248a36730..23e901de9b27fa 100755
--- a/octavia-cli/install.sh
+++ b/octavia-cli/install.sh
@@ -3,7 +3,7 @@
 # This install scripts currently only works for ZSH and Bash profiles.
 # It creates an octavia alias in your profile bound to a docker run command and your current user.
 
-VERSION=0.41.0
+VERSION=0.42.0
 OCTAVIA_ENV_FILE=${HOME}/.octavia
 
 detect_profile() {
diff --git a/octavia-cli/setup.py b/octavia-cli/setup.py
index 0cea0c8cd48d2a..e675f6f6511579 100644
--- a/octavia-cli/setup.py
+++ b/octavia-cli/setup.py
@@ -15,7 +15,7 @@
 
 setup(
     name="octavia-cli",
-    version="0.41.0",
+    version="0.42.0",
     description="A command line interface to manage Airbyte configurations",
     long_description=README,
     author="Airbyte",