diff --git a/airflow/__init__.py b/airflow/__init__.py
index 93d54a8bc435a..688d0a804535d 100644
--- a/airflow/__init__.py
+++ b/airflow/__init__.py
@@ -5,7 +5,7 @@
 `airflow.www.login`
 """
 from builtins import object
-__version__ = "1.6.2"
+__version__ = "1.7.0"
 
 import logging
 import os
diff --git a/setup.py b/setup.py
index d08bd555929b1..79c5b93d09f86 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 import sys
 
 # Kept manually in sync with airflow.__version__
-version = '1.6.2'
+version = '1.7.0'
 
 
 class Tox(TestCommand):