diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index b812868b9fb8a..6f9d8e247d113 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -20,7 +20,7 @@
 apiVersion: v2
 name: airflow
 version: 1.23.0
-appVersion: 3.2.2
+appVersion: 3.3.0
 description: The official Helm chart to deploy Apache Airflow, a platform to
   programmatically author, schedule, and monitor workflows
 home: https://airflow.apache.org/
@@ -47,21 +47,21 @@ annotations:
       url: https://airflow.apache.org/docs/helm-chart/1.22.0/
   artifacthub.io/screenshots: |
     - title: Home Page
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/home_dark.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/home_dark.png
     - title: Dag Overview Dashboard
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/dag_overview_dashboard.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/dag_overview_dashboard.png
     - title: Dags View
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/dags.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/dags.png
     - title: Assets View
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/asset_view.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/asset_view.png
     - title: Grid View
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/dag_overview_grid.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/dag_overview_grid.png
     - title: Graph View
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/dag_overview_graph.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/dag_overview_graph.png
     - title: Variable View
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/variable_hidden.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/variable_hidden.png
     - title: Code View
-      url: https://airflow.apache.org/docs/apache-airflow/3.2.2/_images/dag_overview_code.png
+      url: https://airflow.apache.org/docs/apache-airflow/3.3.0/_images/dag_overview_code.png
   artifacthub.io/changes: |
     - description: >
         Minimum Helm version was updated to 3.19.0
diff --git a/chart/newsfragments/70046.significant.rst b/chart/newsfragments/70046.significant.rst
new file mode 100644
index 0000000000000..e1fe52df5fd7b
--- /dev/null
+++ b/chart/newsfragments/70046.significant.rst
@@ -0,0 +1,3 @@
+Default Airflow image is updated to ``3.3.0``
+
+The default Airflow image that is used with the Chart is now ``3.3.0``, previously it was ``3.2.2``.
diff --git a/chart/values.schema.json b/chart/values.schema.json
index aa2f05630202c..1fb845f6b9a03 100644
--- a/chart/values.schema.json
+++ b/chart/values.schema.json
@@ -79,7 +79,7 @@
         "defaultAirflowTag": {
             "description": "Default airflow tag to deploy.",
             "type": "string",
-            "default": "3.2.2",
+            "default": "3.3.0",
             "x-docsSection": "Common"
         },
         "defaultAirflowDigest": {
@@ -94,7 +94,7 @@
         "airflowVersion": {
             "description": "Airflow version (Used to make some decisions based on Airflow Version being deployed). Version 2.11.0 and above is supported.",
             "type": "string",
-            "default": "3.2.2",
+            "default": "3.3.0",
             "x-docsSection": "Common"
         },
         "securityContext": {
diff --git a/chart/values.yaml b/chart/values.yaml
index 55b34bd32ac2c..71b70f232cc6c 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -65,14 +65,14 @@ airflowHome: /opt/airflow
 defaultAirflowRepository: apache/airflow
 
 # Default Airflow tag to deploy
-defaultAirflowTag: "3.2.2"
+defaultAirflowTag: "3.3.0"
 
 # Default Airflow digest. If specified, it takes precedence over tag
 defaultAirflowDigest: ~
 
 # Airflow version (Used to make some decisions based on Airflow Version being deployed)
-# Version 3.1.0 and above is supported.
-airflowVersion: "3.2.2"
+# Version 2.11.0 and above is supported.
+airflowVersion: "3.3.0"
 
 images:
   airflow: