Mixed hp-FEM for incompressible fluid flow on anisotropic meshes are a
nalyzed. A discrete inf-sup condition is proved with a constant indepe
ndent of the meshwidth and the aspect ratio. For each polynomial degre
e k greater than or equal to 2 we present velocity-pressure subspace p
airs which are stable on quadrilateral mesh-patches independently of t
he element aspect ratio, implying in particular divergence stability o
n the so-called Shishkin-meshes. Moreover, the inf-sup constant is sho
wn to depend on the spectral order k like k(-1/2) for quadrilateral me
shes and like k(-3) for meshes containing triangles. New consistency r
esults for spectral elements on anisotropic meshes are also proved.