Is your feature request related to a problem or challenge? Please describe what you are trying to do.

Our release schedule is here https://github.com/apache/arrow-rs?tab=readme-ov-file#release-versioning-and-schedule

This patch release is to backport the hotfix for chrono.

Wishlist Items

• fix: Use chrono >= 0.4.34, < 0.4.40 to avoid breaking #7210

Describe the solution you'd like

Create a release

• Release notes and bump version: [54.2.0_maintenance] Bump arrow version to 54.2.1 #7207
• Release Candidate + Vote thread: https://lists.apache.org/thread/m1pm83ylkty85qn7q3v1pcfx8xsbmpmc
• Release to crates.io / approval: https://lists.apache.org/thread/yjcjkv79d3wkpoj5d41y9q8ozvld3kxl

Describe alternatives you've considered

Additional context