A gas turbine engine and method for operating a gas turbine engine includes compressing an air stream in a compressor and generating a post combustion gas by combusting a compressed air stream exiting from the compressor in a combustor. The post combustion gas is expanded in a first turbine. The expanded combustion gas exiting from the first turbine is split into a first stream, a second stream and a third stream. The first stream of the expanded combustion gas is combusted in a reheat combustor. An outer liner and flame stabilizer of the reheat combustor are cooled using the second stream of the expanded combustion gas. An inner liner of the reheat combustor is cooled using the third stream of the expanded combustion gas and a portion of the second stream of the expanded combustion gas passing through the one or more flame stabilizers.